internal reconstruction mcq

b) Revenue Profit. 15. Ans: b) Revenue Profit. Computerized Accounting Practices. Agreement. 0000009547 00000 n |:a=Z&v)kgAN"6]tBzy!NS 55 0 obj <>stream 0000001427 00000 n b) X Ltd. Having a share capital of Rs. s a) dissenting b) paying c) pay disentient shareholders Internal reconstruction. Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. #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. External reconstruction. Accounting for Internal Reconstruction [Set 1] PDF, Accounting for Amalgamation, Absorption and External, Chapter: Accounting for Internal Reconstruction. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? In case of sub-division of share capital the total number of shares, 2. [Solved] Internal reconstruction can be done by - McqMate hVN;?*:_ A Ltd. with a share capital of 10,000 equity shares of Rs. 10 each. Vertical Horizontal Conglomerate Demerger MCQ - Internal Reconstruction and Capital Reduction | Multiple Choice Copyright 2023 McqMate. 19. Reduction of capital is unlawful except when sanctioned by the court. 0000001241 00000 n 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. Company Liquidation Accounts. In internal reconstruction, the existing company will be Company Final Accounts. The Capital reduction means reduction in ____________ value of shares. Follow me on YouTube - Dynamic Tutorials and Services. 0000003418 00000 n more mcqs. Number 8/2 & 9, Sarjapur Road, Bengaluru, Karnataka- 560 103. 5. Latest Reconstruction of companies MCQ Objective Questions Top Reconstruction of companies MCQ Objective Questions Exam Preparation Simplified Learn, practice, analyse and improve Get Started for Free Download App Trusted by 3.9 Crore+ Students Related MCQ Merger& Amalgamation MCQ Exams TNPSC Group 1 TNPSC Group 2 RRB Group D RRB NTPC 5 fully paid. Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? It decides to convert its capital into 20,000 equity shares of Rs. 0 A Ltd. with a share capital of 10,000 equity shares of Rs. Accounting procedure when internal reconstruction made 36) 7. When a company converts its equity shares into the capital stock, then the account to be credited is , 4. Reduction of capital is unlawful except when sanctioned by the court. 500000. b) X Ltd. Having a share capital of Rs. When two or more existing companies combine together to form a new company, it is termed as. Section 66 of the companies Act governs the internal reconstruction. 10. 5 per share thus making each share of Rs. In internal reconstruction, amount sacrificed by shareholders are In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. 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. Q. A company is free to reduce or extinguish the uncalled liability of its members. Taken over. endstream endobj 72 0 obj <>stream 0000040014 00000 n endstream endobj 71 0 obj <>stream Copyright 2023 McqMate. A company has issued capital of 10,000 equity shares of Rs. Court Confirmation Order has to be registered with the __________ of companies.a) NCLT b) share capital c) Registrar d) none of the above, 19. 10 each fully paid. c) Super Profit. Amount sacrificed by shareholders are credited to: 13. In internal reconstruction, the existing company will be . JD%@"i0iB*c`EX Accounting for Internal Reconstruction Solved MCQs - McqMate 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. 0000006175 00000 n 0000005402 00000 n 10 each fully paid decides to repay Rs. 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. 59 23 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. MCQ on Internal Reconstruction : Multiple choice questions and answers Our website uses cookies to improve your experience. endstream endobj startxref 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) 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. In case of Internal Reconstruction , the company is. PDF Multiple Choice Questions Only unsuccessful companies undertake capital reduction. %PDF-1.4 % 0000031742 00000 n %PDF-1.5 % 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. All rights reserved. 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. 0000003520 00000 n Turn around. PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset 0000002299 00000 n PDF INTERNAL RECONSTRUCTION - sgp1.digitaloceanspaces.com xref The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. HyE$=T0dd$@>%o53mXe@8f2"0(#u8WLfR>|>ug2gcA9vQ]EFk`K%>)U"ih$OVFMGo&g2y.#d4H(!V$$ r t KZCO2IJaDR,~Tt,!Oq]RA>z$\IU 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. Save my name, email, and website in this browser for the next time I comment. c) Capital Reduction. I am also working on some other websites which will be published soon. To carry out capital reduction, permission is required from: a) X Ltd. Having a share capital of Rs. Amalgamation. Download PDF. The scheme of internal reconstruction involves ___ company. 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. Question 2. 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 d:b%aE2ag,jO=7^Mq*YTW%s\QQ]7,Z >cDu061`xxg]Q9*!:z5~m^&Wi=DJ?^rt3@Ey7ogblH@Pb A company must pass a special resolution for reduction of capital. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only State whether the following statements are True or False: According to sec. Internal Reconstruction MCQ (Free) | Capital Reduction A company has issued capital of 10,000 equity shares of Rs. Internal reconstruction is done due to .. 30 seconds. Eliminate the accumulated losses from the books. We would like to show you a description here but the site won't allow us. Holding Company Accounts. Checkout Top Schools Internal Reconstruction MCQ (Free) | Capital Reduction Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. Share Capital A/c (10) Dr. 500000. c) 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: (i) Share capital account /FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to , 7. A company is free to reduce or extinguish the uncalled liability of its members. M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. If the ABC Limited and DEF Limited are taken over by a new company XYZ Limited Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. 100 each, subdivided the shares into 50000 shares of Rs. HQJo.& ;&|&LZ$w$\bRp|)oG@4}=& C8Yn*]izM6fVjAVjEM'#Y+Lx4=_TZ%x9GbmiH2y2R The full balance of capital is to be debited, if _____________ value is reduced. The reduction of capital is permitted under _____________ of Companies Act. 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.

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