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Syllabus

Company : An Introduction — Syllabus

Telangana Open School (TOSS) · Class 12 · Accountancy

What Company : An Introduction covers in Telangana Open School (TOSS) Class 12 Accountancy: 4 topics, for the 2026-27 session.

55 questions30 flashcards3 formulas & key relations5 concepts

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4 Topics · Telangana Open School (TOSS) Class 12 Accountancy · 2026-27

Topics in Company : An Introduction

1

Meaning and Characteristics of a Company

  • A company is a voluntary association of individuals formed to carry on business and earn profits.
  • It is created by law and is an artificial legal person with rights and obligations.
  • Key characteristics include: incorporated body, limited liability, perpetual succession, transferability of shares, and common seal.
2

Types of Companies

  • Companies are classified based on formation, liability, ownership, and commencement of business.
  • Statutory companies are formed by a Special Act of Parliament (e.g., RBI, LIC).
  • Registered companies are formed under the Companies Act 2013.
3

Shares and Share Capital

  • A company divides its capital into shares — each share is an indivisible unit of capital.
  • Two main types: Equity Shares and Preference Shares.
  • Equity shares: No fixed dividend, voting rights, residual claim on profits and assets.
4

Issue of Shares and Debentures

  • Shares can be issued in instalments: application, allotment, calls.
  • Full, under, and over subscription: company handles based on applications received.
  • Shares can be issued at par, premium, or discount.

Key Concepts

Central concept: Company

Characteristics of a CompanyTypes of CompaniesShares and Share CapitalIssue of SharesDebenturesCompany Final Accounts

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Frequently Asked Questions

What are the important topics in Company : An Introduction for Telangana Open School (TOSS) Class 12 Accountancy?
Key topics in Company : An Introduction include Meaning and Characteristics of a Company, Types of Companies, Shares and Share Capital, Issue of Shares and Debentures. Study these first, then practise questions on each for the Telangana Open School (TOSS) Class 12 board exam.
How should I revise Company : An Introduction for the Telangana Open School (TOSS) Class 12 board exam?
Learn the core ideas first, then work through the 55 practice questions on Company : An Introduction. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

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

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All Telangana Open School (TOSS) Class 12 Accountancy Syllabus

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