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Alteration of share capital can be affected by passing an ordinary resolution. Internal Reconstruction is also known as Capital Reduction. The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. Win vouchers worth INR 2,000 with our School Referral Program, Ranked Amongst Top 25 Companies by LinkedIn. A company has issued capital of 10,000 equity shares of Rs. a) X Ltd. Having a share capital of Rs. 17. U,]]. 43 0 obj
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#2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - Financial AccountingThis lecture series contains all the MCQs related to TYBCOM Sem 5 - Financial AccountingFinancial Accounting MCQs Link:https://scholarsclasses.com/blog/preparation-of-final-accounts-of-companies-mcq/TYBCOM Sem 5 MCQs Link:https://scholarsclasses.com/blog/tybcom-sem-5-mcq/TYBCOM Sem 5 MCQs Lecture link:https://youtube.com/playlist?list=PLJ_81_DlRlyfEuIryW3MX4GvicwzWkHLKPlease like, share, and subscribeVideo Presented by :Prof. Tauseef Khan (M.Com, MBA, UGC - NET)Follow us on :Facebook: https://www.facebook.com/tauseef89/Twitter: https://twitter.com/tauseef_sirInstagram: https://www.instagram.com/tauseefsirVisit our websitehttps://www.scholarsclasses.com/blog#scholarszilla#tybcommcq#tauseefsir 5 fully paid. 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. Company Liquidation Accounts. No journal entry is required for cancellation of unissued share capital. endstream
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Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. 500000 divided into 50000 shares of Rs. (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. Virtual Classroom and LMS Software | WizIQ Q. 0
500000 divided into 5000 shares of Rs. If the shares of smaller denomination-are converted into the shares of higher denomination without changing the total amount of share capital, then it is a case of: (iii) Decrease in unissued share capital. 18. The reduction of capital is permitted under _____________ of Companies Act. [Solved] Capital Reduction Account is a - mcqmate.com PDF Amalgamation, Absorption & External reconstruction - NKT Degree College PDF Sample Questions For B.Com. ( Accounting & Finance) -Sem V 2019-2020 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. 0000001160 00000 n
Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital of Rs. throughout their Academic career. J%7uI 8vjYZOM}r,2s.Z 'Xj:8A3v8^X.x=a4$ 0000001427 00000 n
Corporate Accounting MCQ Question Bank Reconstruction of Companies. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl Amalgamation, Absorption & External reconstruction Multiple Choice Questions 1. Internal Reconstruction - Advanced Accounting - MCQ Test - Teachmint Test Details Internal Reconstruction All the best Starts Feb 02, 6:00 PM Duration 15 minutes Deadline Feb 02, 9:00 PM Maximum marks 20.0 marks Question type MCQ Total questions 10 questions Like Share 32 Views Kishor Suryawanshi PDF Amalgamation, Absorption & External reconstruction - NKT Degree College 4~"\ JD%@"i0iB*c`EX 780+ Corporate Accounting Solved MCQs with PDF Download - McqMate 10 each, consolidated the shares into 5000 shares of Rs. In which of the following cases, procedure of reduction of capital is not called for: 11. State whether the following statements are True or False: According to sec. 0000000756 00000 n
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PDFs for offline use. We take free online Practice/Mock test for exam preparation. Each MCQ is open for further discussion on discussion page. All the services offered by McqMate are free. answer choices. Solved MCQs for Accounting for Internal Reconstruction, Accounting for Internal Reconstruction MCQs with answers PDF download, Bachelor of Business Administration (BBA), Human Resource Management Principles and Functions, Reading on Indian Constitution, Secularism and Sustainable Environment, Transactions- Essential English Language Skills. Multiple Choice Questions. Forfeiture and Surrender of shares is a case of capital reduction. PDF Multiple Choice Questions wound up. Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._
KDaTJj1~' a) dissenting b) paying c) pay disentient shareholders Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. 3. Company Final Accounts. Reduction of capital is unlawful except when sanctioned by the court. (a) 1 (b) 2 (a)3 (a) many 4. Corporate Accounting Multiple Choice Questions and Answers (MCQs AMALGAMATION, ABSORPTION & EXTERNAL RECONSTRUCTION - Quiz hTA0>C. If the creditors are willing to reduce their claims against the company, (hen the amount of reduction in their claim will be transferred to, 10. A company is free to reduce or extinguish the uncalled liability of its members. Shareholders not approving scheme is called _________ shareholders.a) dissenting b) paying c) pay disentient shareholders d) none of the above, 13. Copyright 2023 McqMate. In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. 30 seconds. It is a case of, 9. Q. 30 seconds. The word And reduced cannot be added to the name of the company if no direction has been given by the court. a) face b) market c) both of a & b d) none of the above 12. (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. 0000040014 00000 n
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MCQ - Internal Reconstruction and Capital Reduction | Multiple Choice 10 each, consolidated the shares into 5000 shares of Rs. Valuation of Shares. Multiple Choice Questions 1)Voluntary winding up: a)If period fixed for the company is expired. 0000000016 00000 n
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Eliminate the accumulated losses from the books. 6) Internal reconstruction means a) Amalgamation in nature of merger. In internal reconstruction, the existing company will be Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. objective of our platform is to assist fellow students in preparing for exams and in their Studies 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 After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to: For amalgamation in the nature of merger, the shareholders holding at least or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company. The reduction of capital is permitted under _____________ of Companies Act.a) 77 b) 100 c) 66 d) 75, 2. Reduction of capital is unlawful except when sanctioned by the court. 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. For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6. 5 per share thus making each share of Rs. The Balance Sheet prepared after implementation of the scheme is to be prepared as per ____________.a) Schedule IV b) Schedule VI c) Schedule II d) Schedule III, 14. PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset The full balance of capital is to be debited, if _____________ value is reduced. The HUB, Sy. 5 fully paid. (C) Internal reconstruction (B) Absorption (D) External reconstruction While calculating purchase price, the following values of assets are considered Book value (C) Average values (B) Revised Value (D) Market values Shares received from the new company are recorded at - Face value (C) Market value (B) Average price 1. endstream
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It is a case of: (i) Reducing share capital by returning the excess capital, (ii) Reducing the liability on account of uncalled capital. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to: 8. 11. Company Final Accounts. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. 10 each fully paid decides to repay Rs. The fictitious debit balances are to be transferred to ___________ Account.a) internal reconstruction b) security premium c) share capital d) Capital Reduction, 9. objective of our platform is to assist fellow students in preparing for exams and in their Studies 0000007752 00000 n
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. Answer :- Increases 2. 0000003198 00000 n
__________ resolution is to be passed by shareholders for approval of scheme of reconstruction.a) ordinary b) Special c) both a & b d) none of the above, 8. Save my name, email, and website in this browser for the next time I comment. 10. 100 each. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube The full balance of capital is to be debited, if _____________ value is reduced.a) face b) market c) both of a & b d) none of the above, 12. Copyright 2023 McqMate. Internal reconstruction result in the reduction of the capital of the company. MCQ on Internal Reconstruction : Multiple choice questions and answers December 18, 2021 by Abhimaynu Multiple choice questions and answers 1. 7) Post-acquisition Profit is a) Capital Profit. A company must pass a special resolution for reduction of capital. Corporate Accounting Multiple Choice Questions and Answers, Mumbai University B.Com - MCQs, Exam MCQs and Solved Papers, Auditing MCQs Multiple Choice Questions and Answers | Auditing MCQs For B.Com, CA, CS and CMA Exams, Management Accounting MCQs [Multiple Choice Questions and Answers], MCQ On Budget and Budgetary Control | Multiple Choice Questions and Answers, MCQ on Accounts of Holding Companies [Multiple Choice Questions and Answers], Corporate Accounting Multiple Choice Questions and Answers (MCQs) | Company Accounts MCQs. Download CA Inter Notes Pdf May 2022 - CA Test Series The scheme of internal reconstruction involves ___ company. If the shares of smaller denomination-are converted into the shares of higher denomination without changing the total amount of share capital, then it is a case of, 3. M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. HUn9}om # 22. Accounting for Internal Reconstruction. In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. vt00 Reconstruction is a process by which affairs of a company are reorganized by revaluation of assets, reassessment of liabilities and by writing off the losses already suffered by reducing the paid up value of shares and/or varying the rights attached to different classes of shares. Only unsuccessful companies undertake capital reduction. Cancellation of unissued capital is also a case of capital reduction. Accounting for Internal Reconstruction Solved MCQs - McqMate We provide you study material i.e. Amount sacrificed by shareholders are credited to: 13. hbbd```b``"A$v Court Confirmation Order has to be registered with the __________ of companies.a) NCLT b) share capital c) Registrar d) none of the above, 19. capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the Taken over. 15. Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. b) Revenue Profit. Accounting for Internal Reconstruction. Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? I am also working on some other websites which will be published soon. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. 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 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. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. Ixdp]A:DKp
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2t0 5 per share thus making each share of Rs. A company resorts to internal reconstruction or capital reduction only in exceptional circumstances. |4 Under which of the following circumstances can a company resort to internal reconstruction? Internal reconstruction definition, the hypothetical reconstruction of an earlier stage of a language or of some part of it, as its phonology, by deductions from irregularities in its present structure, as the reconstruction of a stage in English when certain instances of r were related to s in a systematic way by comparing the pair was:were to other pairs, as lose:forlorn. In internal reconstruction, amount sacrificed by shareholders are [Solved] Internal reconstruction is done due to 10 each. Amalgamation. 5. Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR Multiple Choice Questions and Answers 1. Internal Reconstruction MCQ (Free) | Capital Reduction startxref
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A Ltd. with a share capital of 10,000 equity shares 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. We would like to show you a description here but the site won't allow us. /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M Internal reconstruction Definition & Meaning | Dictionary.com 0000003520 00000 n
In internal reconstruction neither the existing company is liquidated, nor is a new company incorporated. In internal reconstruction, methods of calculation of purchase consideration is 33) Methods of capital reduction 34) While preparing Balance Sheet after reconstructed following points are to be kept in mind 35) 6. b) X Ltd. Having a share capital of Rs. 59 0 obj
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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. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. 500000 divided into 50000 shares of Rs. 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. 11. /FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. In case of sub-division of share capital the total number of shares, 2. The cancellation of contingent liability is____ for company. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. The internal reconstruction results in proper valuation of _________ and __________ of companies.a) Profit & Loss Account b) reserve & surplus c) assets and liabilities d) none of the above, 6. Accounting for Amalgamation, Absorption and External. trailer
Accounting for Internal Reconstruction Multiple choice questions and answers. more mcqs. Number 8/2 & 9, Sarjapur Road, Bengaluru, Karnataka- 560 103. Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like .
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