Internal Reconstruction MCQ MCQs on other topics of Financial Accounting Cost Accounting MCQs pdf 1. 0
reconstruction? 16. 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. 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. 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. 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. Accounting for Internal Reconstruction [Set 1] PDF, Accounting for Amalgamation, Absorption and External, Chapter: Accounting for Internal Reconstruction. c) Capital Reduction. 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. The HUB, Sy. Accounting for Internal Reconstruction Multiple choice questions and answers. 30 seconds. Appreciation in the value of land & building is recorded on ________ side of Capital Reduction Account.a) credit b) debit c) both of a & b d) none of the above. Alteration of share capital can be affected by passing an ordinary resolution. /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M 0000009805 00000 n
1. In internal reconstruction neither the existing company is liquidated, nor is a new company incorporated. Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital of Rs. objective of our platform is to assist fellow students in preparing for exams and in their Studies Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. 6) Internal reconstruction means a) Amalgamation in nature of merger. Cancellation of unissued capital is also a case of capital reduction. 5. Company Final Accounts. Internal Reconstruction is also known as Capital Reduction. 0000006175 00000 n
When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as (A) Amalgamation (B) Absorption (C) Internal reconstruction (D) External reconstruction We provide you study material i.e. Vertical Horizontal Conglomerate Demerger Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? 43 0 obj
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The fictitious debit balances are to be transferred to ___________ Account.a) internal reconstruction b) security premium c) share capital d) Capital Reduction, 9. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. 23. more mcqs. In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. Company Final Accounts. Multiple Choice Questions and Answers 1. The term "Internal Reconstruction" means: (i) Reduction of Share Capital (ii) Variation of Shareholder's right (iii) Alternation of share capital (iv) All of the above 7. HQJo.&
;&|&LZ$w$\bRp|)oG@4}=& C8Yn*]izM6fVjAVjEM'#Y+Lx4=_TZ%x9GbmiH2y2R Q. Amalgamation, Absorption & External reconstruction Multiple Choice Questions 1. The word And reduced cannot be added to the name of the company if no direction has been given by the court. 21.Only unsuccessful companies undertake capital reduction. 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. Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. 500000 divided into 5000 shares of Rs. Under Sec. 7) Post-acquisition Profit is a) Capital Profit. 500000 divided into 5000 shares of Rs. The Sub division of shares does not result in ___________ of capital.a) reduction b) added c) Compromise d) none of the above, 4. 5 fully paid. 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: 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 answer choices. 8) Pre-acquisition profit is a) Capital Profit. 22 0 obj
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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) 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. The reduction of capital is permitted under _____________ of Companies Act. . Only unsuccessful companies undertake capital reduction. 100 each, converts it into stock. Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? throughout their Academic career. Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . Important Links: #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. %PDF-1.5
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#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 Internal reconstruction is done due to .. Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. Corporate Accounting MCQ Question Bank Reconstruction of Companies. According to sec. 10 each, consolidated the shares into 5000 shares of Rs. 11. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. A company has issued capital of 10,000 equity shares of Rs. Here we are providing Notes , MCQs , Question Bank , Notes on Current Affairs & Many More. endstream
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MCQ on Internal Reconstruction : Multiple choice questions and answers December 18, 2021 by Abhimaynu Multiple choice questions and answers 1. hbbd```b``"A$v 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 company is free to reduce or extinguish the uncalled liability of its members. Taken over. 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. objective of our platform is to assist fellow students in preparing for exams and in their Studies Shareholders not approving scheme is called _________ shareholders.a) dissenting b) paying c) pay disentient shareholders d) none of the above, 13. 0000006983 00000 n
Company Liquidation 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, 3. Shareholders not approving scheme is called _________ shareholders. 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 - 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 Valuation of Shares. 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. The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. 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. HUn9}om # 19. A company resorts to internal reconstruction or capital reduction only in exceptional circumstances. 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 : Ans: b) Revenue Profit. 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital. Our website uses cookies to improve your experience. HyE$=T0dd$@>%o53mXe@8f2"0(#u8WLfR>|>ug2gcA9vQ]EFk`K%>)U"ih$OVFMGo&g2y.#d4H(!V$$
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KZCO2IJaDR,~Tt,!Oq]RA>z$\IU __________ 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. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to: 8. 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. --------- is the account created in connection with internal reconstruction. 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. 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. hb```f``c`e`icd@ Ar400kPQ{!{GGCG+CP q #s*m,f.HfEZX7``~d1/s ` !
more mcqs. (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 HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._
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When a company converts its equity shares into the capital stock, then the account to be credited is: 4. Question and answers in Accounting for Internal Reconstruction. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. b) Revenue Profit. In internal reconstruction, increase in the value of fixed assets is credited to. In which of the following cases, procedure of reduction of capital is not called for: 11. Redemption of preference shares in accordance with the provisions of section 80 is reduction of preference share capital. 10. 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. The word And Reduced is added to the name of the company for such period as the court deems fit.
Holding Company Accounts. In a scheme of reorganisation amount of shares surrendered by shareholders is transferred to: 13. The scheme of internal reconstruction involves ___ company. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. 500000 divided into 50000 shares of Rs. Computerized Accounting Practices. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. Save my name, email, and website in this browser for the next time I comment. If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to , 7. Redemption of preference shares is a case of capital reduction. State whether the following statements are True or False: According to sec. Hn0w?Gr "%
2t0 J%7uI 8vjYZOM}r,2s.Z 'Xj:8A3v8^X.x=a4$ When an existing company takes over the business of one or more existing companies, it is called. Irk#nf`S_Jlhf6+xx?$UZ$yZ}opP~ fCJ[1[nS+\M]_pOgut9qiWb|Tr@r`Xj 8p2_7y#@DZpNS80dJ^3S2RzP3;! The word And reduced cannot be added to the name of the company if no direction has been given by the court. 0000004701 00000 n
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The objective of reconstruction is to write off ___________ .a) profit b) accumulated losses c) nil d) none of the above, 18. Suraj Patel Education is one of the best blog on Education . In internal reconstruction, the existing company will be . Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. b) X Ltd. Having a share capital of Rs. %%EOF
Hey Guys, Myself Kumar Nirmal Prasad, a Teacher turned Full time Blogger and Investor. 20. We provide you study material i.e. The full balance of capital is to be debited, if _____________ value is reduced. It decides to convert its capital into 20,000 equity shares of Rs. 5 each. 500000 divided into 5000 shares of Rs. wound up. |:a=Z&v)kgAN"6]tBzy!NS c) X Ltd. Having a share capital of Rs. 100 each. 10 each, consolidated the shares into 5000 shares of Rs. c) Super Profit. capital reduction A/C will be transfer to: Business Ethics and Corporate Social Responsibility (BECSR). 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/` #
A company must pass a special resolution for reduction of capital. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl 0000040014 00000 n
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Question 2. 12. It is a case of, Answer :- Reducing share capital by returning the excess capital, 5. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. endstream
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Computerized Accounting Practices. Copyright 2023 McqMate. a) 77 b) 100 c) 66 d) 75 2. Checkout Top Schools 94 of the companies act, a limited company can increase, sub-divide or consolidate all or part of its existing share if authorised by its articles of association. Internal reconstruction result in the reduction of the capital of the company. In internal reconstruction, amount sacrificed by shareholders are credited to.. Internal reconstruction is a slow and tedious process since it required the approval of : After the implementation of the scheme of internal reconstruction , any surplus in 0000031742 00000 n
500000 divided into 5000 shares of Rs. 5 per share thus making each share of Rs. For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6. Valuation of Shares. Accounting for Internal Reconstruction. Follow me on YouTube - Dynamic Tutorials and Services. Merged with another co. Ans: c) Capital Reduction. GUD}%DQO}$m|@}L*#{`g5fd4"b~d|{\?1>c:-G $}gKYVAAy)>uvH/4SPHl"@@9HI,+XP f!M7fNG/_M=,(\q
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2g3O\b ^_T_ET_[JD=+x[oct;GYO|T-"['SRt~"7f 4~"\ 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. 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. 22. 10 each fully paid decides to repay Rs. To carry out capital reduction, permission is required from: 14. 26. 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. (a) 1 (b) 2 (a)3 (a) many 4. 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. startxref
vt00 Under which of the following circumstances can a company resort to internal reconstruction? a) face b) market c) both of a & b d) none of the above 12. %%EOF
All rights reserved. If the ABC Limited and DEF Limited are taken over by a new company XYZ Limited hTA0>C. 10 each. Amount sacrificed by shareholders are credited to: 13.
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