Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. A company is free to reduce or extinguish the uncalled liability of its members. 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. #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 Valuation of Shares. %%EOF
In internal reconstruction neither the existing company is liquidated, nor is a new company incorporated.
Internal Reconstruction | Specialty Quiz - Quizizz A Ltd. with a share capital of 10,000 equity shares of Rs. Company Liquidation Accounts. Multiple Choice Questions and Answers 1. . Section 66 of the companies Act governs the internal reconstruction. It is a case of, 8. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. c) Capital Reduction. HyE$=T0dd$@>%o53mXe@8f2"0(#u8WLfR>|>ug2gcA9
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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. /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M 5 per share thus making each share of Rs. 0000001427 00000 n
Reconstruction of Companies MCQ - SlideShare Internal reconstruction is done due to .. Internal reconstruction is a slow and tedious process since it required the approval of : After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to : Multiple Choice Questions 1)Voluntary winding up: a)If period fixed for the company is expired. In internal reconstruction, increase in the value of fixed assets is credited to. 5 each. AMALGAMATION, ABSORPTION & EXTERNAL RECONSTRUCTION - Quiz throughout their Academic career. Accounting for Amalgamation, Absorption and External. AM$|?F9 UY
In case of Internal Reconstruction , the company is. 5 fully paid. Eliminate the accumulated losses from the books. 26. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. 100 each, converts it into stock. [Solved] Capital Reduction Account is a - mcqmate.com Suraj Patel Education is one of the best blog on Education . In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. 30 seconds. In case of loss maximum remuneration is Rs.6 Lakhs in case effective capital is less than (a) 5Cr (b) 1Cr (a)25Cr (a) 50Cr 6. Internal Reconstruction - Advanced Accounting - MCQ Test - Teachmint Reduction of capital is unlawful except when sanctioned by the court. It decides to convert its capital into 20,000 equity shares of Rs. It decides to convert its capital into 20,000 equity shares of Rs. 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. 43 0 obj
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Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. Multiple Choice Questions and Answers (MCQs), Financial Statement and Financial Statements Analysis, MCQ on Internal Reconstruction and Capital Reduction. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. a) authorized capital b) Called up capital c) Uncalled capital The reduction of capital is permitted under _____________ of Companies Act. c) X Ltd. Having a share capital of Rs. In which of the following cases, procedure of reduction of capital is not called for: 11. No journal entry is required for cancellation of unissued share capital. wound up. Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . hb```f``c`e`icd@ Ar400kPQ{!{GGCG+CP q #s*m,f.HfEZX7``~d1/s ` !
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Alteration of share capital can be affected by passing an ordinary resolution. a) X Ltd. Having a share capital of Rs. Internal Reconstruction - Commerceiets startxref
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Download CA Inter Notes Pdf May 2022 - CA Test Series Alteration of share capital can be affected by passing an ordinary resolution. 12. Reduction of capital is unlawful except when sanctioned by the court. Ixdp]A:DKp
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State whether the following statements are True or False: According to sec. In internal reconstruction, the existing company will be Internal Reconstruction and Capital Reduction Notes, Corporate U,]]. 0000002299 00000 n
b) Absorption. (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6. Download PDF. (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. In internal reconstruction, amount sacrificed by shareholders are 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 100 each, converts it into stock. Q. Bring down the assets to their true values. ,ffFP7(]Pa&i& b+ + bg
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500000 divided into 5000 shares of Rs. __________ 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. To carry out capital reduction, permission is required from: a) X Ltd. Having a share capital of Rs. Bachelor of Business Administration (BBA). 0000001160 00000 n
780+ Corporate Accounting Solved MCQs with PDF Download - McqMate 15. 0
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. Holding Company Accounts. Only unsuccessful companies undertake capital reduction. 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. Redemption of preference shares is a case of capital reduction. PDF Amalgamation, Absorption & External reconstruction - NKT Degree College I am Gold educator on teachmint online live classes app, I am Post Graduate from Commerce and Direct Course of Law, We have provide all courses of Commerce as well as banking and IBPS Competitive exam Course and also provide Tally Erp 9 + GST Module at offline Training mode. 0000005402 00000 n
Internal Reconstruction MCQ (Free) | Capital Reduction The word And Reduced is added to the name of the company for such period as the court deems fit. When a company converts its equity shares into the capital stock, then the account to be credited is: 4. c) Super Profit. Forfeiture and Surrender of shares is a case of capital reduction. Computerized Accounting Practices. T.Y.B.com Financial Accounting mcq with answers - Suraj Patel Education When two or more existing companies combine together to form a new company, it is termed as. Accounting for Internal Reconstruction Important MCQs. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - Financial AccountingThis lecture series contains all the MCQs related to TYBCOM Sem 5 - Financial A. Ans: a) Capital Profit. 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. 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. A company is free to reduce or extinguish the uncalled liability of its members. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube Under which of the following circumstances can a company resort to internal Holding Company Accounts. 0000040014 00000 n
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. 0000003198 00000 n
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Currently, however, non-invasive language decoders . The Sub division of shares does not result in ___________ of capital.a) reduction b) added c) Compromise d) none of the above, 4. 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. PDF Multiple Choice Questions 500000 divided into 5000 shares of Rs. 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. Copyright 2023 McqMate. 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 . A company resorts to internal reconstruction or capital reduction only in exceptional circumstances. It is a case of, Answer :- Reducing share capital by returning the excess capital, 5. 0000000016 00000 n
100 each, subdivided the shares into 50000 shares of Rs. 10 each fully paid decides to repay Rs. Here we are providing Notes , MCQs , Question Bank , Notes on Current Affairs & Many More. The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. 31) Reconstruction includes all of the following except 32) . 59 0 obj
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10 each fully paid. Valuation of Shares. 10 each fully paid. I am also working on some other websites which will be published soon. 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. MCQ on Amalgamation and External Reconstruction - CMA TUTORS Under which of the following circumstances can a company resort to internal reconstruction? PDF Sample Questions For B.Com. ( Accounting & Finance) -Sem V 2019-2020 In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. TRpH[QU4] (kB7v 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 . /FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` Virtual Classroom and LMS Software | WizIQ 10 each, consolidated the shares into 5000 shares of Rs. <<0ABB1FF79DCA334A925490CD6BFFDF14>]>>
10 each, consolidated the shares into 5000 shares of Rs. If the ABC Limited and DEF Limited are taken over by a new company XYZ Limited Win vouchers worth INR 2,000 with our School Referral Program, Ranked Amongst Top 25 Companies by LinkedIn. 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. Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR 10. 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. c) Super Profit. External reconstruction. Corporate Accounting MCQ Question Bank Reconstruction of Companies. 0000003758 00000 n
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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 To carry out capital reduction, permission is required from: 14. hTA0>C. 25. Accounting for Internal Reconstruction [Set 1] PDF, Accounting for Amalgamation, Absorption and External, Chapter: Accounting for Internal Reconstruction. 17. |4 %PDF-1.5
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500000 divided into 50000 shares of Rs. PDF Chapter - 1 : Amalgamation, Absorbtion and External Reconstruction (As Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? s trailer
5 per share thus making each share of Rs. Turn around. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. PDF Amalgamation, Absorption & External reconstruction - NKT Degree College Semantic reconstruction of continuous language from non-invasive brain CORPORATE ACCOUTNING ( MCQS WITH ANWERS) - Studocu [Solved] Internal reconstruction is done due to Company Final Accounts. The word And reduced cannot be added to the name of the company if no direction has been given by the court. Question and answers in Accounting for Internal Reconstruction. The HUB, Sy. 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital.
reconstruction? In case of sub-division of share capital the total number of shares: 2. A Ltd. with a share capital of 10,000 equity shares of Rs. more mcqs. Download PDF. 4~"\ Accounting for Amalgamation, Absorption and External. 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. 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. (a) 1 (b) 2 (a)3 (a) many 4. Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. Answer :- Increases 2. Accounting for Internal Reconstruction Multiple choice questions and answers. In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. 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: A company has issued capital of 10,000 equity shares of Rs. 0 ]
more mcqs. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. 0000006175 00000 n
20. MULTIPLE CHOICE QUESTIONS 1. 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. 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. in Bangalore here: Software Service If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to: 8. According to sec. a) face b) market c) both of a & b d) none of the above 12. Internal reconstruction result in the reduction of the capital of the company. Copyright 2023 McqMate. 500000. b) X Ltd. Having a share capital of Rs. Company Liquidation Accounts. Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. Internal Reconstruction is also known as Capital Reduction. Friends ye artical ke alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. In case of , one existing company takes over the business of another company and no new company is formed MCQ on Internal Reconstruction : Multiple choice questions and answers Internal Reconstruction MCQ (Free) | Capital Reduction