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KZCO2IJaDR,~Tt,!Oq]RA>z$\IU d:b%aE2ag,jO=7^Mq*YTW%s\QQ]7,Z >cDu061`xxg]Q9*!:z5~m^&Wi=DJ?^rt3@Ey7ogblH@Pb 94 of the companies act, a limited company can increase, sub-divide or consolidate all or part of its existing share if authorised by its articles of association. A company must pass a special resolution for reduction of capital. Companies may combine in following ways (i) absorption (ii) amalgamation (iii)external reconstruction (iv)internal reconstruction (v) merger (a) any of above (b) none of above (c) any except (iv) (d) any except (v) 2. Latest Reconstruction of companies MCQ Objective Questions - Testbook . hVN;?*:_ more mcqs. Companies may combine in following ways (i) absorption (ii) amalgamation (iii) external reconstruction (iv) internal reconstruction (v) merger (a) any of above (b) none of above (c) any except (iv) (d) any except (v) c) Super Profit. in Bangalore here: Software Service 10. Accounting for Amalgamation, Absorption and External. 0
capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the Amount sacrificed by shareholders are credited to: 13. In case of sub-division of share capital the total number of shares Increases Decreases Does not change. Reconstruction of Companies MCQ - SlideShare Under Sec. 22 0 obj
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Shareholders not approving scheme is called _________ shareholders.a) dissenting b) paying c) pay disentient shareholders d) none of the above, 13. Internal Reconstruction | Specialty Quiz - Quizizz 5 per share thus making each share of Rs. Download PDF. Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR 100 each, converts it into stock. Follow me on YouTube - Dynamic Tutorials and Services. U,]]. 500000. b) X Ltd. Having a share capital of Rs. Valuation of Shares. Accounting Standard for amalgamation is: AS-3 AS-9 AS-12 AS-14 (AS-14 deals with accounting for amalgamation) Answer :- AS-14 (AS-14 deals with accounting for amalgamation) 2. according to AS - 14, purchase consideration is the sum of payments made to the: Debenture holders and Shareholders Shareholders No journal entry is required for cancellation of unissued share capital. In case of Internal Reconstruction payment of contingent liability is debited to a) Profit & Loss A/c b) Capital Reduction A/c c) Realisation A/c d) Other 53) Any gain on payment of liability under External Reconstruction is credited to The term "Internal Reconstruction" means: (i) Reduction of Share Capital (ii) Variation of Shareholder's right (iii) Alternation of share capital (iv) All of the above 7. 0000007752 00000 n
vt00 500000 divided into 50000 shares of Rs. When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as (A) Amalgamation (B) Absorption (C) Internal reconstruction (D) External reconstruction 2. 6) Internal reconstruction means a) Amalgamation in nature of merger. 30 seconds. Accounting procedure when internal reconstruction made 36) 7. Internal Reconstruction - Advanced Accounting - MCQ Test - Teachmint For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. https://www.surajpateleducation.com/2021/01/marketing-research-tybcom-mcq-pdf.html, https://www.surajpateleducation.com/2020/12/human-resource-management-tybcom-mcq.html, https://www.surajpateleducation.com/2020/12/cost-accounting-tybcom-mcq-pdf.html, https://www.surajpateleducation.com/2020/10/mcom-tybcom-indirect-tax-20-most.html, https://www.surajpateleducation.com/2020/09/direct-tax-sem-v-atkt-question-bank-2020.html, Strategic Management Question Bank Than Pay Rs 100 Only, Dosto Agar App Vedio Dekhana Chate Ho Related Education To Aap Mere Youtube Channel Par Jaskate Ho Dosto Niche Link Derha Hu, DIRECT TAX SEM V (ATKT) Question Bank-2020, F.Y.B.COM Environmental Studies MCQ PDF | Environmental Studies MCQ, T.Y.B.COM MCQ | T.Y.B.COM Mumbai University All Subject MCQ, ADVANCED CORPORATE ACCOUNTING M.COM PART 1 MCQ. Appreciation in the value of land & building is recorded on ________ side of Capital Reduction Account.a) credit b) debit c) both of a & b d) none of the above. When two or more existing companies combine together to form a new company, it is termed as. To carry out capital reduction, permission is required from: 14. When a company converts its equity shares into the capital stock, then the account to be credited is , 4. 11)face 12)dissenting 13)Schedule III 14)capital reduction 15)funds 16)debited 17)accumulated losses 18)Registrar 19)internal reconstruction 20)credit, HSC Question Paper 2023 12th Commerce (Download Free pdf), HSC OCM Paper 2023 March Maharashtra Board | Download Free Pdf, HSC SP Paper 2023 March Maharashtra Board | Download Free Pdf, HSC Hindi Paper 2023 March Maharashtra Board | Download Free Pdf, HSC English Paper 2023 March | Download Free Pdf, 11th OCM Chapter 8 Exercise (Introduction to Management) Maharashtra Board Free Resource, 11th OCM Chapter 7 Exercise (Business Environment) Maharashtra Board Free Resource, Financial Accounting Mcqs | More Than 700 Free MCQs, 12th SP Chapter 6 Solution (Correspondence with Members) Maharashtra Board Free Solution. 15. 10 each fully paid decides to repay Rs. throughout their Academic career. 0000003418 00000 n
It decides to convert its capital into 20,000 equity shares of Rs. Suraj Patel Education is one of the best blog on Education . The term Internal Reconstruction means: 7. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. 0
more mcqs. Internal Reconstruction MCQ (Free) | Capital Reduction Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. 0000006175 00000 n
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5 each. Multiple Choice Questions and Answers 1. Vertical Horizontal Conglomerate Demerger Alteration of share capital can be affected by passing an ordinary resolution. 10 each. A company is free to reduce or extinguish the uncalled liability of its members. 0000009547 00000 n
After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to : Reduction of share capital is possible by the company, if it is authorized by its: MCQs for Related Topics Zeitgeist- Reading on Contemporary Culture . In case of sub-division of share capital the total number of shares: 2. Ans: c) Capital Reduction. The reduction of capital is permitted under _____________ of Companies Act.a) 77 b) 100 c) 66 d) 75, 2. A company resorts to internal reconstruction or capital reduction only in exceptional circumstances. It is a case of: (i) Reducing share capital by returning the excess capital, (ii) Reducing the liability on account of uncalled capital. 10 each fully paid. 100 each, subdivided the shares into 50000 shares of Rs. 1)66 2)paidup value 3)reduction 4)re-issue, cancellation 5)assets and liabilities 6)NCLT 7)Special 8)Capital Reduction 9)Capital Reduction 10)capital reduction or internal reconstruction, HSC Question Paper 2023 12th Commerce (Download Free pdf), HSC OCM Paper 2023 March Maharashtra Board | Download Free Pdf, HSC SP Paper 2023 March Maharashtra Board | Download Free Pdf, HSC Hindi Paper 2023 March Maharashtra Board | Download Free Pdf, HSC English Paper 2023 March | Download Free Pdf, 11th OCM Chapter 8 Exercise (Introduction to Management) Maharashtra Board Free Resource, 11th OCM Chapter 7 Exercise (Business Environment) Maharashtra Board Free Resource, MCQs on other topics of Financial Accounting, Financial Accounting Mcqs | More Than 700 Free MCQs, 12th SP Chapter 6 Solution (Correspondence with Members) Maharashtra Board Free Solution. A scheme of __________ or __________ mean the scheme having same effect.a) capital reduction or internal reconstruction b) Capital Reduction or External reconstructionc) none of the above. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to: (i) Share capital account 0000001534 00000 n
8) Pre-acquisition profit is a) Capital Profit. J%7uI 8vjYZOM}r,2s.Z 'Xj:8A3v8^X.x=a4$ A Ltd. with a share capital of 10,000 equity shares of Rs. Reduction of capital is unlawful except when sanctioned by the court. 21.Only unsuccessful companies undertake capital reduction. Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . A Ltd. with a share capital of 10,000 equity shares of Rs. Checkout Top Schools Holding Company Accounts. endstream
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The video explains important mcqs on Internal Reconstruction of company #Capital Reduction #Account Multiple Choice Questions and Answers (MCQs), Financial Statement and Financial Statements Analysis, MCQ on Internal Reconstruction and Capital Reduction. 59 23
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Question 2. Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. 0000002930 00000 n
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c) X Ltd. Having a share capital of Rs. 1.If there is any balance in the capital reduction account after writing off all the accumulated losses then the same is transferred to ; (A) Share Capital Account (B) Capital Reserve Account (C) General Reserve Account (D . /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M Internal Reconstruction MCQ (Free) | Capital Reduction For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6. Reduction of capital is unlawful except when sanctioned by the court. In internal reconstruction, amount sacrificed by shareholders are credited to.. Internal reconstruction is a slow and tedious process since it required the approval of : After the implementation of the scheme of internal reconstruction , any surplus in 0000004701 00000 n
objective of our platform is to assist fellow students in preparing for exams and in their Studies Computerized Accounting Practices. In a scheme of reorganisation amount of shares surrendered by shareholders is transferred to: 13. 0000001960 00000 n
wound up. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl JD%@"i0iB*c`EX Accounting for Internal Reconstruction. (ii) Internal Reconstruction: Internal reconstruction means a recourse undertaken to make necessary changes in the capital structure of a company without liquidating the existing company. It decides to convert its capital into 20,000 equity shares of Rs. It is a case of, 8. Internal reconstruction is a slow and tedious process since it required the approval of : After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to: In internal reconstruction, the existing company will be Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. Forfeiture and Surrender of shares is a case of capital reduction. Bachelor of Business Administration (BBA). 1. 500000 divided into 50000 shares of Rs. Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. [Solved] Capital Reduction Account is a - mcqmate.com startxref
The Shareholders can surrender shares for ________ or ____________ .a) re-issue, cancellation b)Fresh Issue, Redemption c) none of the above, 5. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to: 8. Internal Reconstruction is also known as Capital Reduction. HUn9}om # 0 ]
Learn more. 4~"\ 31) Reconstruction includes all of the following except 32) . PDF Chapter - 1 : Amalgamation, Absorbtion and External Reconstruction (As Win vouchers worth INR 2,000 with our School Referral Program, Ranked Amongst Top 25 Companies by LinkedIn. Save my name, email, and website in this browser for the next time I comment. In case of sub-division of share capital the total number of shares, 2. Currently, however, non-invasive language decoders . a) authorized capital b) Called up capital c) Uncalled capital Redemption of preference shares in accordance with the provisions of section 80 is reduction of preference share capital. Ixdp]A:DKp
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V[H,Q~$agt8O4js_22Q|Waoq\WU In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. MCQ on Internal Reconstruction : Multiple choice questions and answers Valuation of Shares. 10 each fully paid. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube Under which of the following circumstances can a company resort to internal M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. 0000001160 00000 n
5 fully paid. Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. When a company converts its equity shares into the capital stock, then the account to be credited is: 4. 12. Get the essential details like: The number of papers The frequency of exams The manner of registration and exams, Eligibility, Exemptions, and Exam Dates For ICAI Ca Inter May 2022. State whether the following statements are True or False: According to sec. a) X Ltd. Having a share capital of Rs. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to , 7. Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. All rights reserved. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only 500000 divided into 5000 shares of Rs. a) face b) market c) both of a & b d) none of the above 12. 10 each, consolidated the shares into 5000 shares of Rs. Semantic reconstruction of continuous language from non-invasive brain %PDF-1.4
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Absorption. It is a case of, Answer :- Reducing share capital by returning the excess capital, 5. Accounting for Amalgamation, Absorption and External. Internal reconstruction. Amalgamation. Friends ye artical ke alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._
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Q. 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. When an existing company takes over the business of one or more existing companies, it is called. A company is free to reduce or extinguish the uncalled liability of its members. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. Computerized Accounting Practices. Merged with another co. Internal Reconstruction - Commerceiets We would like to show you a description here but the site won't allow us. The scheme of internal reconstruction involves ___ company. 81 0 obj
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The difference in revaluation of assets is to be transferred to ___________ Account.a) internal reconstruction b) Capital Reduction c) security primium d) capital reserve, 10. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. Internal reconstruction is a slow and tedious process since it required the approval of : After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to : (a) 1 (b) 2 (a)3 (a) many 4. Company Liquidation Accounts. Taken over. hTA0>C. b) Revenue Profit. 10 each. HQJo.&
;&|&LZ$w$\bRp|)oG@4}=& C8Yn*]izM6fVjAVjEM'#Y+Lx4=_TZ%x9GbmiH2y2R Cancellation of unissued capital is also a case of capital reduction. 23. According to sec. b) Absorption. 10 each fully paid decides to repay Rs. The scheme of internal reconstruction can be utilized to provide ____________ for the company.a) funds b) share capital c) dividend d) none of the above, 16. PDF INTERNAL RECONSTRUCTION - sgp1.digitaloceanspaces.com 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital.