internal reconstruction mcq

Save my name, email, and website in this browser for the next time I comment. b) Revenue Profit. 0000006175 00000 n M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. 16. reconstruction? Cancellation of unissued capital is also a case of capital reduction. Ans: b) Revenue Profit. 22 0 obj <> endobj Follow me on YouTube - Dynamic Tutorials and Services. 59 23 endstream endobj 60 0 obj <> endobj 61 0 obj <> endobj 62 0 obj <>/ProcSet[/PDF/Text]/ExtGState<>>> endobj 63 0 obj <> endobj 64 0 obj <> endobj 65 0 obj <> endobj 66 0 obj <> endobj 67 0 obj <> endobj 68 0 obj <> endobj 69 0 obj <> endobj 70 0 obj <>stream Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? 10 each, consolidated the shares into 5000 shares of Rs. The word And reduced cannot be added to the name of the company if no direction has been given by the court. 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. 0000005402 00000 n 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. 5 fully paid. Ixdp]A:DKp 7>+^wsvKC?0c oLm7{ V[H,Q~$agt8O4js_22Q|Waoq\WU Internal reconstruction is done due to .. In case of Internal Reconstruction , the company is. The term Internal Reconstruction means: 7. A Ltd. with a share capital of 10,000 equity shares of Rs. 3. 5 each. ,ffFP7(]Pa&i& b+ + bg (ii) Internal Reconstruction: Internal reconstruction means a recourse undertaken to make necessary changes in the capital structure of a company without liquidating the existing company. The scheme of internal reconstruction can be utilized to provide ____________ for the company.a) funds b) share capital c) dividend d) none of the above, 16. 0000001160 00000 n It decides to convert its capital into 20,000 equity shares of Rs. Absorption. 100 each, subdivided the shares into 50000 shares of Rs. Multiple Choice Questions 1)Voluntary winding up: a)If period fixed for the company is expired. A company must pass a special resolution for reduction of capital. [Solved] Internal reconstruction is done due to In case of sub-division of share capital the total number of shares, 2. Q. Internal Reconstruction and Capital Reduction Notes, Corporate 43 0 obj <>/Filter/FlateDecode/ID[<7F7D86F494A1CBF23FB2925BA8566F77>]/Index[22 34]/Info 21 0 R/Length 105/Prev 125909/Root 23 0 R/Size 56/Type/XRef/W[1 3 1]>>stream 4~"\ In internal reconstruction, amount sacrificed by shareholders are HyE$=T0dd$@>%o53mXe@8f2"0(#u8WLfR>|>ug2gcA9vQ]EFk`K%>)U"ih$OVFMGo&g2y.#d4H(!V$$ r t KZCO2IJaDR,~Tt,!Oq]RA>z$\IU A scheme of __________ or __________ mean the scheme having same effect.a) capital reduction or internal reconstruction b) Capital Reduction or External reconstructionc) none of the above. more mcqs. Solved MCQs for Accounting for Internal Reconstruction, Accounting for Internal Reconstruction MCQs with answers PDF download, Bachelor of Business Administration (BBA), Human Resource Management Principles and Functions, Reading on Indian Constitution, Secularism and Sustainable Environment, Transactions- Essential English Language Skills. d:b%aE2ag,jO=7^Mq*YTW%s\QQ]7,Z >cDu061`xxg]Q9*!:z5~m^&Wi=DJ?^rt3@Ey7ogblH@Pb To carry out capital reduction, permission is required from: 14. more mcqs. Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital of Rs. 0000006983 00000 n Accounting for Internal Reconstruction. J%7uI 8vjYZOM}r,2s.Z 'Xj:8A3v8^X.x=a4$ Internal Reconstruction MCQ (Free) | Capital Reduction Only unsuccessful companies undertake capital reduction. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl b) Absorption. 0000001534 00000 n 0000009547 00000 n 7) Post-acquisition Profit is a) Capital Profit. Holding Company Accounts. According to sec. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only Get the essential details like: The number of papers The frequency of exams The manner of registration and exams, Eligibility, Exemptions, and Exam Dates For ICAI Ca Inter May 2022. trailer Cancellation of unissued capital is also a case of capital reduction. /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M Irk#nf`S_Jlhf6+xx?$UZ$yZ}opP~ fCJ[1[nS+\M]_pOgut9qiWb|Tr@r`Xj 8p2_7y#@DZpNS80dJ^3S2RzP3;! Important Links: 30 seconds. Bachelor of Business Administration (BBA). To carry out capital reduction, permission is required from: a) 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. c) Super Profit. 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. Accounting for Internal Reconstruction Multiple choice questions and answers. 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 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: Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. 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. HQJo.& ;&|&LZ$w$\bRp|)oG@4}=& C8Yn*]izM6fVjAVjEM'#Y+Lx4=_TZ%x9GbmiH2y2R capital reduction A/C will be transfer to: Business Ethics and Corporate Social Responsibility (BECSR). Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. 26. hVN;?*:_ The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. 500000 divided into 5000 shares of Rs. A company is free to reduce or extinguish the uncalled liability of its members. No journal entry is required for cancellation of unissued share capital. The Shareholders can surrender shares for ________ or ____________ .a) re-issue, cancellation b)Fresh Issue, Redemption c) none of the above, 5. 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 Download PDF. In internal reconstruction, the existing company will be The video explains important mcqs on Internal Reconstruction of company #Capital Reduction #Account Q. Our website uses cookies to improve your experience. 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 . Company Liquidation Accounts. hTA0>C. c) Capital Reduction. 55 0 obj <>stream t Mprq*8)i(jm8d^zmMNX3t;(e\96!w )?=jp- ]CDH-bf>~Ji}KZw]w#@tf;:HKGr?(1bXT)"Awtt,fs6og2~7Q{T! %@dJQap8?|K( q?$T0!8aq{e_>)I/` # <<0ABB1FF79DCA334A925490CD6BFFDF14>]>> gHc > &E]`v6DVMH HOf`a)XL?o D The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. 0000002299 00000 n 31) Reconstruction includes all of the following except 32) . When a company converts its equity shares into the capital stock, then the account to be credited is: 4. %%EOF Answer :- Increases 2. 5 per share thus making each share of Rs. Merged with another co. a) authorized capital b) Called up capital c) Uncalled capital HUn9}om # 94 of the companies act, a limited company can increase, sub-divide or consolidate all or part of its existing share if authorised by its articles of association. 100 each, converts it into stock. 5 per share thus making each share of Rs. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. Accounting for Internal Reconstruction. 10 each fully paid. In internal reconstruction, the existing company will be . 21.Only unsuccessful companies undertake capital reduction. endstream endobj startxref PDF Chapter - 1 : Amalgamation, Absorbtion and External Reconstruction (As 0000031742 00000 n :u4$L"G0cOpe"MH3SIoIe?+-;YH1k G@bV+o 5. Taken over. PDF Amalgamation, Absorption & External reconstruction - NKT Degree College Amount sacrificed by shareholders are credited to: 14. Internal reconstruction Definition & Meaning | Dictionary.com 17. 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. Internal reconstruction result in the reduction of the capital of the company. JD%@"i0iB*c`EX Internal Reconstruction of Company Capital Restructuring MCQs Win vouchers worth INR 2,000 with our School Referral Program, Ranked Amongst Top 25 Companies by LinkedIn. Turn around. The HUB, Sy. 10. 10 each fully paid decides to repay Rs. 19. In case of , one existing company takes over the business of another company and no new company is formed Checkout Top Schools answer choices. In internal reconstruction, increase in the value of fixed assets is credited to. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to , 7. 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 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. Accounting procedure when internal reconstruction made 36) 7. Company Liquidation Accounts. Shareholders not approving scheme is called _________ shareholders. A company has issued capital of 10,000 equity shares of Rs. #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 Reduction of capital is unlawful except when sanctioned by the court. 0 Company Final Accounts. 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. Accounting for Internal Reconstruction [Set 1] PDF, Accounting for Amalgamation, Absorption and External, Chapter: Accounting for Internal Reconstruction. It decides to convert its capital into 20,000 equity shares of Rs. 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital. Copyright 2023 McqMate. 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. 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 All rights reserved. The expenses for forming and implementing scheme should be debited to ____________ .a) security premium b) share capital c) Internal reconstruction d) capital reduction, 15. 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. (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 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. startxref 10 each fully paid decides to repay Rs. Computerized Accounting Practices. Reconstruction of Companies MCQ - SlideShare 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. CORPORATE ACCOUTNING ( MCQS WITH ANWERS) - Studocu 0000003758 00000 n Company Final Accounts. %PDF-1.4 % Shareholders not approving scheme is called _________ shareholders.a) dissenting b) paying c) pay disentient shareholders d) none of the above, 13. The reduction of capital is permitted under _____________ of Companies Act. 0000004701 00000 n Under which of the following circumstances can a company resort to internal reconstruction? c) Super Profit. Internal Reconstruction | Specialty Quiz - Quizizz We provide you study material i.e. endstream endobj 71 0 obj <>stream 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: 2. 15. 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 Multiple Choice Questions and Answers (MCQs), Financial Statement and Financial Statements Analysis, MCQ on Internal Reconstruction and Capital Reduction. 0000000756 00000 n Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._ KDaTJj1~' [Solved] Internal reconstruction can be done by - McqMate 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. 500000 divided into 50000 shares of Rs. PDF Multiple Choice Questions Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. In internal reconstruction neither the existing company is liquidated, nor is a new company incorporated. |:a=Z&v)kgAN"6]tBzy!NS (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. 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. Internal Reconstruction is also known as Capital Reduction. hb```f``c`e`icd@ Ar400kPQ{!{GGCG+CP q #s*m,f.HfEZX7``~d1/s ` ! In case of sub-division of share capital the total number of shares Increases Decreases Does not change. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to: 8. Section 66 of the companies Act governs the internal reconstruction. 100 each, subdivided the shares into 50000 shares of Rs. capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. Copyright 2023 McqMate. MCQ on Internal Reconstruction : Multiple choice questions and answers McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only endstream endobj 23 0 obj <> endobj 24 0 obj <> endobj 25 0 obj <>stream The word And Reduced is added to the name of the company for such period as the court deems fit. endstream endobj 26 0 obj <>stream 8) Pre-acquisition profit is a) Capital Profit. If the ABC Limited and DEF Limited are taken over by a new company XYZ Limited 500000 divided into 50000 shares of Rs. (a) 1 (b) 2 (a)3 (a) many 4. Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. U,]]. Under which of the following circumstances can a company resort to internal objective of our platform is to assist fellow students in preparing for exams and in their Studies Multiple Choice Questions and Answers 1. 100 each, converts it into stock. Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. The cancellation of contingent liability is____ for company. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. A Ltd. with a share capital of 10,000 equity shares of Rs. 23. In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. We provide you study material i.e. 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. 500000 divided into 5000 shares of Rs. vt00 Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? 500000 divided into 5000 shares of Rs. Under Sec. Currently, however, non-invasive language decoders . TRpH[QU4] (kB7v The scheme of internal reconstruction involves ___ company. The objective of reconstruction is to write off ___________ .a) profit b) accumulated losses c) nil d) none of the above, 18. A company has issued capital of 10,000 equity shares of Rs. Valuation of Shares. s 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. objective of our platform is to assist fellow students in preparing for exams and in their Studies 0000001427 00000 n 30 seconds. 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. 81 0 obj <>stream Eliminate the accumulated losses from the books. Internal Reconstruction MCQ MCQs on other topics of Financial Accounting Cost Accounting MCQs pdf 1. Download CA Inter Notes Pdf May 2022 - CA Test Series Amount sacrificed by shareholders are credited to: 13. Amalgamation. 0000001960 00000 n Alteration of share capital can be affected by passing an ordinary resolution.

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