500000. b) X Ltd. Having a share capital of Rs. Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. MCQ on Internal Reconstruction : Multiple choice questions and answers 15. Absorption. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. /FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` 0000008674 00000 n
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. 10 each fully paid decides to repay Rs. 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 59 23
PDF Amalgamation, Absorption & External reconstruction - NKT Degree College (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. Accounting procedure when internal reconstruction made 36) 7. [Solved] Capital Reduction Account is a - mcqmate.com 10 each. A company has issued capital of 10,000 equity shares of Rs. more mcqs. CORPORATE ACCOUTNING ( MCQS WITH ANWERS) - Studocu PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset 55 0 obj
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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. To carry out capital reduction, permission is required from: 14. Internal Reconstruction MCQ MCQs on other topics of Financial Accounting Cost Accounting MCQs pdf 1. a) 77 b) 100 c) 66 d) 75 2. Multiple Choice Questions. Bachelor of Business Administration (BBA).
reconstruction? 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. --------- is the account created in connection with internal reconstruction. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. 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. 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 Hey Guys, Myself Kumar Nirmal Prasad, a Teacher turned Full time Blogger and Investor. 0000031742 00000 n
A company must pass a special resolution for reduction of capital. 26. Agreement. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only 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) b) Revenue Profit. 0000000756 00000 n
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The word And Reduced is added to the name of the company for such period as the court deems fit. [Solved] Internal reconstruction is done due to 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. In internal reconstruction, the existing company will be The expenses for forming and implementing scheme should be debited to ____________ .a) security premium b) share capital c) Internal reconstruction d) capital reduction, 15. 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. When two or more existing companies combine together to form a new company, it is termed as. A company must pass a special resolution for reduction of capital. capital reduction A/C will be transfer to: Business Ethics and Corporate Social Responsibility (BECSR). ,ffFP7(]Pa&i& b+ + bg
Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . 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. The cancellation of contingent liability is____ for company. Download PDF. 5 each. 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. In case of , one existing company takes over the business of another company and no new company is formed Internal Reconstruction of Company Capital Restructuring MCQs Eliminate the accumulated losses from the books. 81 0 obj
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Amalgamation. 61 of the companies act, 2013, a limited company can increase, sub-divide or consolidate all or part of its existing share if authorised by its articles of association. If the creditors are willing to reduce their claims against the company, (hen the amount of reduction in their claim will be transferred to, 9. 10 each, consolidated the shares into 5000 shares of Rs. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. 6) Internal reconstruction means a) Amalgamation in nature of merger. hbbd```b``"A$v The full balance of capital is to be debited, if _____________ value is reduced. Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. 17. Amount sacrificed by shareholders are credited to: 13. Cancellation of unissued capital is also a case of capital reduction. Q. It decides to convert its capital into 20,000 equity shares of Rs. PDFs for offline use. We take free online Practice/Mock test for exam preparation. Each MCQ is open for further discussion on discussion page. All the services offered by McqMate are free. (C) Internal reconstruction (B) Absorption (D) External reconstruction While calculating purchase price, the following values of assets are considered Book value (C) Average values (B) Revised Value (D) Market values Shares received from the new company are recorded at - Face value (C) Market value (B) Average price For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. HyE$=T0dd$@>%o53mXe@8f2"0(#u8WLfR>|>ug2gcA9vQ]EFk`K%>)U"ih$OVFMGo&g2y.#d4H(!V$$
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PDF Chapter - 1 : Amalgamation, Absorbtion and External Reconstruction (As 22. 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. 16. gHc >
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It decides to convert its capital into 20,000 equity shares of Rs. The fictitious debit balances are to be transferred to ___________ Account.a) internal reconstruction b) security premium c) share capital d) Capital Reduction, 9. In case of sub-division of share capital the total number of shares Increases Decreases Does not change. In internal reconstruction, increase in the value of fixed assets is 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 capital reduction A/C is transferred to : 5 fully paid. endstream
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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. 7) Post-acquisition Profit is a) Capital Profit. Internal Reconstruction - Advanced Accounting - MCQ Test - Teachmint 0
Vertical Horizontal Conglomerate Demerger Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital of Rs. 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. 0000003758 00000 n
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5 each. 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. 5. 12. 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. Follow me on YouTube - Dynamic Tutorials and Services. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only TRpH[QU4] (kB7v The term Internal Reconstruction means: 7. When an existing company takes over the business of one or more existing companies, it is called. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. 500000 divided into 5000 shares of Rs. %PDF-1.4
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500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital. The scheme of internal reconstruction involves ___ company. :u4$L"G0cOpe"MH3SIoIe?+-;YH1k G@bV+o 10 each fully paid. A company has issued capital of 10,000 equity shares of Rs. AMALGAMATION, ABSORPTION & EXTERNAL RECONSTRUCTION - Quiz %PDF-1.5
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Semantic reconstruction of continuous language from non-invasive brain #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube Download PDF. 500000 divided into 50000 shares of Rs. Turn around. For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6. When a company converts its equity shares into the capital stock, then the account to be credited is: 4. A company is free to reduce or extinguish the uncalled liability of its members. TYBCom-Sem-VI-Financial Accounting MCQs - Studocu Under which of the following circumstances can a company resort to internal reconstruction? 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. 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. 30 seconds. 1. The HUB, Sy. A company is free to reduce or extinguish the uncalled liability of its members. b) Revenue Profit. more mcqs. When a company converts its equity shares into the capital stock, then the account to be credited is , 4. The Capital reduction means reduction in ____________ value of shares. 1. Virtual Classroom and LMS Software | WizIQ In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. PDF INTERNAL RECONSTRUCTION - sgp1.digitaloceanspaces.com 500000 divided into 50000 shares of Rs. in Bangalore here: Software Service Internal Reconstruction and Capital Reduction Notes, Corporate JD%@"i0iB*c`EX No journal entry is required for cancellation of unissued share capital. 0000005402 00000 n
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Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. 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. |:a=Z&v)kgAN"6]tBzy!NS 10 each fully paid. In case of sub-division of share capital the total number of shares: 2. 10. MULTIPLE CHOICE QUESTIONS 1. 500000 divided into 5000 shares of Rs. Currently, however, non-invasive language decoders . Forfeiture and Surrender of shares is a case of capital reduction. Valuation of Shares. Internal Reconstruction | Specialty Quiz - Quizizz Accounting for Internal Reconstruction. All rights reserved. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'
