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. 0000003418 00000 n External reconstruction. 8) Pre-acquisition profit is a) Capital Profit. capital reduction A/C will be transfer to: Business Ethics and Corporate Social Responsibility (BECSR). 23. trailer 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. A company has issued capital of 10,000 equity shares of Rs. In case of sub-division of share capital the total number of shares: 2. [Solved] Internal reconstruction is done due to xref 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. endstream endobj 23 0 obj <> endobj 24 0 obj <> endobj 25 0 obj <>stream TRpH[QU4] (kB7v Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital 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. Internal reconstruction Definition & Meaning | Dictionary.com Answer :- Increases 2. endstream endobj 72 0 obj <>stream All rights reserved. The reduction of capital is permitted under _____________ of Companies Act.a) 77 b) 100 c) 66 d) 75, 2. 7) Post-acquisition Profit is a) Capital Profit. Corporate Accounting MCQ Question Bank Reconstruction of Companies. 0 ] McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only 11. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl Currently, however, non-invasive language decoders . 12. 0000001960 00000 n 10 each, consolidated the shares into 5000 shares of Rs. A company resorts to internal reconstruction or capital reduction only in exceptional circumstances. Internal Reconstruction of Company Capital Restructuring MCQs CORPORATE ACCOUTNING ( MCQS WITH ANWERS) - Studocu Multiple Choice Questions and Answers (MCQs), Financial Statement and Financial Statements Analysis, MCQ on Internal Reconstruction and Capital Reduction. 500000 divided into 5000 shares of Rs. 22 0 obj <> endobj Company Final Accounts. When a company converts its equity shares into the capital stock, then the account to be credited is: 4. Amalgamation. The term Internal Reconstruction means: 7. To carry out capital reduction, permission is required from: 14. 10 each fully paid decides to repay Rs. Taken over. A company is free to reduce or extinguish the uncalled liability of its members. 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. Q. Computerized Accounting Practices. In a scheme of reorganisation amount of shares surrendered by shareholders is transferred to: 13. throughout their Academic career. Bachelor of Business Administration (BBA). 10 each fully paid. 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. 11. 5 each. Hn0w?Gr "% 2t0 Internal Reconstruction - Commerceiets 100 each, subdivided the shares into 50000 shares of Rs. more mcqs. 0000007752 00000 n The word And Reduced is added to the name of the company for such period as the court deems fit. hb```f``c`e`icd@ Ar400kPQ{!{GGCG+CP q #s*m,f.HfEZX7``~d1/s ` ! Ans: b) Revenue Profit. |:a=Z&v)kgAN"6]tBzy!NS 6) Internal reconstruction means a) Amalgamation in nature of merger. Accounting for Internal Reconstruction [Set 1] PDF, Accounting for Amalgamation, Absorption and External, Chapter: Accounting for Internal Reconstruction. a) dissenting b) paying c) pay disentient shareholders 1. Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. %%EOF Only unsuccessful companies undertake capital reduction. Agreement. HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._ KDaTJj1~' HyE$=T0dd$@>%o53mXe@8f2"0(#u8WLfR>|>ug2gcA9vQ]EFk`K%>)U"ih$OVFMGo&g2y.#d4H(!V$$ r t KZCO2IJaDR,~Tt,!Oq]RA>z$\IU In internal reconstruction, the existing company will be . Shareholders not approving scheme is called _________ shareholders.a) dissenting b) paying c) pay disentient shareholders d) none of the above, 13. Section 66 of the companies Act governs the internal reconstruction. MCQ on Amalgamation and External Reconstruction - CMA TUTORS Latest Reconstruction of companies MCQ Objective Questions - Testbook |4 (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. capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the Reduction of capital is unlawful except when sanctioned by the court. PDF Amalgamation, Absorption & External reconstruction - NKT Degree College Number 8/2 & 9, Sarjapur Road, Bengaluru, Karnataka- 560 103. 100 each. 100 each, subdivided the shares into 50000 shares of Rs. [Solved] Capital Reduction Account is a - mcqmate.com PDF Multiple Choice Questions more mcqs. Accounting Standard for amalgamation is: AS-3 AS-9 AS-12 AS-14 (AS-14 deals with accounting for amalgamation) Answer :- AS-14 (AS-14 deals with accounting for amalgamation) 2. according to AS - 14, purchase consideration is the sum of payments made to the: Debenture holders and Shareholders Shareholders 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. gHc > &E]`v6DVMH HOf`a)XL?o D 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 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. Question 2. 5 fully paid. 5 per share thus making each share of Rs. 81 0 obj <>stream 59 0 obj <> endobj 500000 divided into 5000 shares of Rs. 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. a) face b) market c) both of a & b d) none of the above 12. Our website uses cookies to improve your experience. The HUB, Sy. When two or more existing companies combine together to form a new company, it is termed as. Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? 100 each. Follow me on YouTube - Dynamic Tutorials and Services. 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. 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 Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. Reconstruction of Companies MCQ - SlideShare 0000040014 00000 n Internal Reconstruction is also known as Capital Reduction. Company Liquidation Accounts. In internal reconstruction neither the existing company is liquidated, nor is a new company incorporated. 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital. Here we are providing Notes , MCQs , Question Bank , Notes on Current Affairs & Many More. Suraj Patel Education is one of the best blog on Education . A company must pass a special resolution for reduction of capital. 0000008674 00000 n objective of our platform is to assist fellow students in preparing for exams and in their Studies wound up. The expenses for forming and implementing scheme should be debited to ____________ .a) security premium b) share capital c) Internal reconstruction d) capital reduction, 15. 5 fully paid. U,]]. In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. A company is free to reduce or extinguish the uncalled liability of its members. The objective of reconstruction is to write off ___________ .a) profit b) accumulated losses c) nil d) none of the above, 18. answer choices. 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 . Learn more. (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. answer choices. 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. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. ,ffFP7(]Pa&i& b+ + bg AMALGAMATION, ABSORPTION & EXTERNAL RECONSTRUCTION - Quiz Important Links: Irk#nf`S_Jlhf6+xx?$UZ$yZ}opP~ fCJ[1[nS+\M]_pOgut9qiWb|Tr@r`Xj 8p2_7y#@DZpNS80dJ^3S2RzP3;! /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M 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. 10 each. PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset
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