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Important Questions

Conceptual Framework Of Specialised Accounting

Telangana Open School (TOSS) · Class 12 · Accountancy

Most important questions from Conceptual Framework Of Specialised Accounting for Telangana Open School (TOSS) Class 12 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.

48 questions25 flashcards5 concepts

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48 Questions·
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Sample Questions

1multiple choice
1 marks

Which account is prepared in lieu of a cash book in non-trading concerns?

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Receipts and Payments Account

Receipts and Payments Account records all cash receipts and payments, similar to a cash book but for non-trading concerns.

2multiple choice
1 marks

Which of the following is NOT a feature of consignment?

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Goods are sent on approval basis

In consignment, goods are not sent on approval; they are sent for sale. Approval basis is different where buyer can return goods.

3multiple choice
1 marks

What is legacy in non-trading concerns?

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An amount received as per the will of a deceased person

Legacy is a gift received by a non-trading concern as per the will of a deceased person and is capitalized in the balance sheet.

4multiple choice
1 marks

Which of the following is a capital receipt in non-trading concerns?

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Life Membership Fee

Life membership fee is a one-time payment and is treated as a capital receipt, shown in the balance sheet.

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Frequently Asked Questions

What are the important topics in Conceptual Framework Of Specialised Accounting for Telangana Open School (TOSS) Class 12 Accountancy?
Conceptual Framework Of Specialised Accounting covers several key topics that are frequently asked in Telangana Open School (TOSS) Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Conceptual Framework Of Specialised Accounting — Telangana Open School (TOSS) Class 12 Accountancy?
Understand the core concepts first, then work through the 48 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Conceptual Framework Of Specialised Accounting?
There are 48 practice questions available for Conceptual Framework Of Specialised Accounting. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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