Skip to main content
Super TutorResources
Chapter 14 of 15
Practice Quiz

Conceptual Framework Of Specialised Accounting — Practice Quiz

Telangana Open School (TOSS) · Class 12 · Accountancy

Try a 4-question quiz on Conceptual Framework Of Specialised Accounting for Telangana Open School (TOSS) Class 12 Accountancy: tap an answer to check it.

48 questions25 flashcards6 formulas & key relations5 concepts

Interactive on Super Tutor

Studying Conceptual Framework Of Specialised Accounting? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.

Try Super Tutor — Free

Free trial, no card needed.

Quick Quiz: Conceptual Framework Of Specialised Accounting

0/4

Tap an answer to check it instantly. No sign-up needed for these 4.

1

What is the main purpose of consignment accounting?

2

Who bears the risk of loss in a consignment?

3

Which of the following is a feature of non-trading concerns?

4

What is the relationship between consignor and consignee?

48 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1multiple choice
1 marks

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

Show answer

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?

Show answer

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?

Show answer

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?

Show answer

Life Membership Fee

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

+44 more questions on Conceptual Framework Of Specialised Accounting (Telangana Open School (TOSS) Class 12 Accountancy)

Practise All

Frequently Asked Questions

What are the important topics in Conceptual Framework Of Specialised Accounting for Telangana Open School (TOSS) Class 12 Accountancy?
Key topics in Conceptual Framework Of Specialised Accounting include 1 Consignment Accounting, 2 Non-Trading Concerns Accounting. Study these first, then practise questions on each for the Telangana Open School (TOSS) Class 12 board exam.
How many practice questions are there for Conceptual Framework Of Specialised Accounting?
There are 48 questions on Conceptual Framework Of Specialised Accounting. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

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

More resources for Conceptual Framework Of Specialised Accounting

All Telangana Open School (TOSS) Class 12 Accountancy Practice Quiz

For serious students

Get the full Conceptual Framework Of Specialised Accounting chapter — start free.

Quizzes, flashcards, an AI doubt solver and a study plan for Telangana Open School (TOSS) Class 12 Accountancy. Free to start, no card needed.

Try Super Tutor Free
Try this chapter free