Description

Previous Year Nios Question Paper with Answer Accountacy (224) Class Secondary Exam Session March/April 2024

If you are here, Accountancy 224 Nios Class 10 Exam Solved Question Paper April 2024. you have to grab it now for best exam practice & know the examination pattern for upcoming exam. Check Sample –

Accountancy 224

(224)

Time: 3 Hours]                                                                                                                                                          [ Maximum Marks: 100

Note :

(i) This question paper consists of 45 questions in all.

(ii) All the questions are compulsory. Internal choices are given in some questions.

(iii) Marks are given against each question.

(iv) Section – A consists of

Q.No. 1 to 20 that are Multiple Choice Questions (MCQs) carrying one mark each. Select and write the most appropriate option out of the four options given in each question. An internal choice has been given in some of questions.

(v) Section – B consists of

Objective type questions. Q. No. 21 to 23 carry 2 marks each and Q. No. 24 to 29 carrying 4 marks each. Attempt these questions as per the instructions given for each question.

(vi) Section – C consists of

(a) Q.No. 30 to 35 – Very Short Answer type questions carrying 2 marks each to be answered in the range of 30 to 50 words.

(b) Q.No. 36 to 41 – Short Answer type questions carrying 3 marks each to be answered in the range of 50 to 80 words.

(c) Q.No. 42 to 45 – Long Answer type questions carrying 5 marks each to be answered in the range of 80 to 120 words.

(1) Answers of all questions are to be given in the Answer-Book given to you. (2) 15 minutes time has been allotted to read this question paper. The question paper will be distributed at 2:15 p.m. From 2:15 p.m. to 2:30 p.m., the students will read the question paper only and will not write any answer on the Answer-Book during this period.

SECTION – A

1. The convention is based on the principle “Anticipate no profit, but provide for all possible losses”. 1

(A) Materiality                                             (B) Conservatism

(C) Business entity                                      (D) None of these

Ans. (B) Conservatism

OR

Going concern concept states that a business firm will continue to carry on its activities for a/an :

(A) limited life                                               (B) a very long life

(C) indefinite life                                          (D) long life

Ans. (C) indefinite life

2. Which of the following includes in external liabilities ? 1

(A) Capital                                                      (B) Interest on capital

(C) Reserves                                                  (D) Sundry Creditors

Ans. (D) Sundry Creditors

3. Accounting does not record non-financial transactions because of : 1

(A) Entity concept                               (B) Accrual concept

(C) Money measurement concept          (D) None of the above

Ans. (C) Money measurement concept

OR

Revenue is considered as being earned when :

(A) Commission Received                                        (B) Sale of goods

(C) Interest received                                                  (D) Cash received from Debtors

Ans. (B) Sale of goods

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