Financial Statements (Without Adjustments)
NIOS · Class 10 · Accountancy
Most important questions from Financial Statements (Without Adjustments) for NIOS Class 10 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.
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Sample Questions
M/s Bhanu Bros had opening stock of ₹32,000, purchases of ₹1,65,000, freight of ₹4,000, power of ₹6,500, custom duty of ₹5,500, sales of ₹80,000, and closing stock of ₹30,000. What was the gross loss?
Show answer
₹1,03,000
Total debit side = 32,000 + 1,65,000 + 4,000 + 6,500 + 5,500 = ₹2,13,000. Credit side = 80,000 + 30,000 = ₹1,10,000. Gross loss = 2,13,000 − 1,10,000 = ₹1,03,000.
M/s Sahil Bros had gross profit of ₹97,000, discount allowed of ₹2,000, printing and stationery of ₹2,000, office rent of ₹5,000, repairs of ₹2,400, insurance premium of ₹5,100, telephone charges of ₹1,000, discount received of ₹3,000, and interest earned of ₹5,000. What was the net profit?
Show answer
₹87,500
Indirect expenses = 2,000 + 2,000 + 5,000 + 2,400 + 5,100 + 1,000 = ₹17,500. Indirect income = 3,000 + 5,000 = ₹8,000. Net profit = 97,000 + 8,000 − 17,500 = ₹87,500.
M/s Sarthak Traders had gross profit of ₹43,000, discount allowed of ₹7,000, salaries of ₹45,000, interest paid on loan of ₹13,000, postage of ₹2,400, discount received of ₹6,000, commission received of ₹1,000, and sales expenses of ₹10,000. What was the net loss?
Show answer
₹27,400
Indirect expenses = 7,000 + 45,000 + 13,000 + 2,400 + 10,000 = ₹77,400. Indirect income = 6,000 + 1,000 = ₹7,000. Net result = 43,000 + 7,000 − 77,400 = −₹27,400, so net loss is ₹27,400.
A business has total sales of ₹72,000 and sales returns of ₹1,500. Opening stock is ₹6,500, purchases are ₹45,000, purchase returns are ₹500, carriage is ₹1,200, wages are ₹4,800, fuel and power are ₹3,200, and closing stock is ₹8,000. What is the net sales amount used in the Trading Account?
Show answer
₹70,500
Net sales = Total sales − Sales returns = 72,000 − 1,500 = ₹70,500.
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