10 each fully paid decides to repay Rs. Amalgamation, Absorption & External reconstruction Multiple Choice Questions 1. more mcqs. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. Holding Company Accounts. 0000001241 00000 n
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KDaTJj1~' 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 . 25. 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. Redemption of preference shares is a case of capital reduction. The scheme of internal reconstruction involves ___ company. c) Super Profit. In case of sub-division of share capital the total number of shares: 2. 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. in Bangalore here: Software Service U,]]. 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 ,ffFP7(]Pa&i& b+ + bg
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23. 16. In which of the following cases, procedure of reduction of capital is not called for: 11. The reduction of capital is permitted under _____________ of Companies Act.a) 77 b) 100 c) 66 d) 75, 2. A brain-computer interface that decodes continuous language from non-invasive recordings would have many scientific and practical applications. 10 each fully paid decides to repay Rs. Irk#nf`S_Jlhf6+xx?$UZ$yZ}opP~ fCJ[1[nS+\M]_pOgut9qiWb|Tr@r`Xj 8p2_7y#@DZpNS80dJ^3S2RzP3;! 10 each. 1. In case of , one existing company takes over the business of another company and no new company is formed 4~"\ Ans: a) Capital Profit. 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. 100 each. vt00 c) Capital Reduction. a) authorized capital b) Called up capital c) Uncalled capital 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 0 ]
The reduction of capital is permitted under _____________ of Companies Act. A company is free to reduce or extinguish the uncalled liability of its members. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. 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. MCQ on Internal Reconstruction : Multiple choice questions and answers December 18, 2021 by Abhimaynu Multiple choice questions and answers 1. 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: M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. When a company converts its equity shares into the capital stock, then the account to be credited is , 4. Corporate Accounting MCQ Question Bank Reconstruction of Companies. Computerized Accounting Practices. Ans: c) Capital Reduction. 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. To carry out capital reduction, permission is required from: a) X Ltd. Having a share capital of Rs. Number 8/2 & 9, Sarjapur Road, Bengaluru, Karnataka- 560 103. Follow me on YouTube - Dynamic Tutorials and Services. Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital of Rs. 0000040014 00000 n
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KZCO2IJaDR,~Tt,!Oq]RA>z$\IU A company has issued capital of 10,000 equity shares of Rs. Under which of the following circumstances can a company resort to internal reconstruction? Internal Reconstruction MCQ MCQs on other topics of Financial Accounting Cost Accounting MCQs pdf 1. 7) Post-acquisition Profit is a) Capital Profit. Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. c) Super Profit. 10. Shareholders not approving scheme is called _________ shareholders.a) dissenting b) paying c) pay disentient shareholders d) none of the above, 13. d:b%aE2ag,jO=7^Mq*YTW%s\QQ]7,Z >cDu061`xxg]Q9*!:z5~m^&Wi=DJ?^rt3@Ey7ogblH@Pb Shareholders not approving scheme is called _________ shareholders. 26. Suraj Patel Education is one of the best blog on Education . 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. 100 each, converts it into stock. 0000003520 00000 n
b) Revenue Profit. 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 22. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only endstream
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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. Company Final Accounts. Reduction of capital is unlawful except when sanctioned by the court. Vertical Horizontal Conglomerate Demerger capital reduction A/C will be transfer to: Business Ethics and Corporate Social Responsibility (BECSR). Question and answers in Accounting for Internal Reconstruction. Save my name, email, and website in this browser for the next time I comment. In internal reconstruction, the existing company will be . 0000009805 00000 n
Bachelor of Business Administration (BBA). more mcqs. 18. Multiple Choice Questions and Answers (MCQs), Financial Statement and Financial Statements Analysis, MCQ on Internal Reconstruction and Capital Reduction. When two or more existing companies combine together to form a new company, it is termed as. Multiple Choice Questions. %PDF-1.4
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In case of sub-division of share capital the total number of shares Increases Decreases Does not change. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. 8) Pre-acquisition profit is a) Capital Profit. Accounting for Amalgamation, Absorption and External. 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 : HQJo.&
;&|&LZ$w$\bRp|)oG@4}=& C8Yn*]izM6fVjAVjEM'#Y+Lx4=_TZ%x9GbmiH2y2R A company must pass a special resolution for reduction of capital. 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. Internal reconstruction definition, the hypothetical reconstruction of an earlier stage of a language or of some part of it, as its phonology, by deductions from irregularities in its present structure, as the reconstruction of a stage in English when certain instances of r were related to s in a systematic way by comparing the pair was:were to other pairs, as lose:forlorn. Internal reconstruction result in the reduction of the capital of the company. Court Confirmation Order has to be registered with the __________ of companies.a) NCLT b) share capital c) Registrar d) none of the above, 19. 0000005402 00000 n
s 100 each, subdivided the shares into 50000 shares of Rs. A company resorts to internal reconstruction or capital reduction only in exceptional circumstances. --------- is the account created in connection with internal reconstruction. /PN|]fR9RW*YGfS{5B:>$VYq&Lop WGV1="]GVR:8M The Shareholders can surrender shares for ________ or ____________ .a) re-issue, cancellation b)Fresh Issue, Redemption c) none of the above, 5. Cancellation of unissued capital is also a case of capital reduction. wound up. Under Sec. 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) Download PDF. GUD}%DQO}$m|@}L*#{`g5fd4"b~d|{\?1>c:-G $}gKYVAAy)>uvH/4SPHl"@@9HI,+XP f!M7fNG/_M=,(\q
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Win vouchers worth INR 2,000 with our School Referral Program, Ranked Amongst Top 25 Companies by LinkedIn. MULTIPLE CHOICE QUESTIONS 1. a) X Ltd. Having a share capital of Rs. 1. 500000 divided into 5000 shares of Rs. 0
Friends ye artical ke alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. Redemption of preference shares in accordance with the provisions of section 80 is reduction of preference share capital.
A company is free to reduce or extinguish the uncalled liability of its members. 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. Currently, however, non-invasive language decoders . endstream
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Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. answer choices. Hey Guys, Myself Kumar Nirmal Prasad, a Teacher turned Full time Blogger and Investor. Amalgamation. Reduction of capital is unlawful except when sanctioned by the court. Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. 0000003758 00000 n
State whether the following statements are True or False: According to sec. objective of our platform is to assist fellow students in preparing for exams and in their Studies <<0ABB1FF79DCA334A925490CD6BFFDF14>]>>
We provide you study material i.e. All rights reserved. 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. Alteration of share capital can be affected by passing an ordinary resolution. The full balance of capital is to be debited, if _____________ value is reduced. In internal reconstruction, increase in the value of fixed assets is credited to. Internal reconstruction is done due to .. The fictitious debit balances are to be transferred to ___________ Account.a) internal reconstruction b) security premium c) share capital d) Capital Reduction, 9. 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital. JD%@"i0iB*c`EX TRpH[QU4] (kB7v
According to sec. It decides to convert its capital into 20,000 equity shares of Rs. Our website uses cookies to improve your experience. In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. 10 each, consolidated the shares into 5000 shares of Rs. startxref
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6) Internal reconstruction means a) Amalgamation in nature of merger. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. A company has issued capital of 10,000 equity shares of Rs. The Capital reduction means reduction in ____________ value of shares. External reconstruction. 0000006983 00000 n
Valuation of Shares. Section 66 of the companies Act governs the internal reconstruction. 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. 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. Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. 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. 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. 22 0 obj
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objective of our platform is to assist fellow students in preparing for exams and in their Studies 100 each, subdivided the shares into 50000 shares 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 10 each. 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. Absorption. When a company converts its equity shares into the capital stock, then the account to be credited is: 4. Accounting for Internal Reconstruction. . Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? 30 seconds. The term Internal Reconstruction means: 7. 59 0 obj
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1. 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. Download PDF. In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. In a scheme of reorganisation amount of shares surrendered by shareholders is transferred to: 13. :u4$L"G0cOpe"MH3SIoIe?+-;YH1k G@bV+o 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. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. The video explains important mcqs on Internal Reconstruction of company #Capital Reduction #Account 5 fully paid. No journal entry is required for cancellation of unissued share capital. Accounting for Amalgamation, Absorption and External. 500000 divided into 50000 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. The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. a) face b) market c) both of a & b d) none of the above 12. 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. b) Absorption. To carry out capital reduction, permission is required from: 14. 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: 8. The expenses for forming and implementing scheme should be debited to ____________ .a) security premium b) share capital c) Internal reconstruction d) capital reduction, 15. 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. %PDF-1.5
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Checkout Top Schools If the ABC Limited and DEF Limited are taken over by a new company XYZ Limited The cancellation of contingent liability is____ for company. 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. It is a case of, Answer :- Reducing share capital by returning the excess capital, 5. Accounting for Internal Reconstruction Multiple choice questions and answers. (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. b) X Ltd. Having a share capital of Rs. 11. 0000001427 00000 n
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1.If there is any balance in the capital reduction account after writing off all the accumulated losses then the same is transferred to ; (A) Share Capital Account (B) Capital Reserve Account (C) General Reserve Account (D . Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. Q. We would like to show you a description here but the site won't allow us. 500000. b) X Ltd. Having a share capital of Rs. (a) 1 (b) 2 (a)3 (a) many 4. hb```f``c`e`icd@ Ar400kPQ{!{GGCG+CP q #s*m,f.HfEZX7``~d1/s ` !
Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . 5 each. 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. hbbd```b``"A$v 3. 10 each fully paid. Agreement. answer choices. The word And Reduced is added to the name of the company for such period as the court deems fit. J%7uI 8vjYZOM}r,2s.Z 'Xj:8A3v8^X.x=a4$ It is a case of, 8. 20. Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR If there is any balance in the capital reduction account after writing off all the accumulated losses, then the same is transferred to , 7. 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 Under which of the following circumstances can a company resort to internal hVN;?*:_ AM$|?F9 UY
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Taken over. Copyright 2023 McqMate. 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 0000031742 00000 n
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b) Revenue Profit. All rights reserved. __________ 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. 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. Multiple Choice Questions 1)Voluntary winding up: a)If period fixed for the company is expired. 500000 divided into 5000 shares of Rs. Internal Reconstruction is also known as Capital Reduction. 0000002299 00000 n
Accounting for Internal Reconstruction Important MCQs. Turn around. 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. 0
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/FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` |4 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. throughout their Academic career. Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. %%EOF
HUn9}om # 21.Only unsuccessful companies undertake capital reduction. No journal entry is required for cancellation of unissued share capital. 15. I am also working on some other websites which will be published soon. Forfeiture and Surrender of shares is a case of capital reduction. 17. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl Accounting procedure when internal reconstruction made 36) 7. A company must pass a special resolution for reduction of capital. (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 Multiple Choice Questions and Answers 1. 500000 divided into 50000 shares of Rs. 5 per share thus making each share of Rs. In case of sub-division of share capital the total number of shares, 2. 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. 100 each. 0000002930 00000 n
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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. caroline bright will smith, catholic congress anaheim 2022, joan sanderson daughter,
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