The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. 11. . __________ 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. Accounting for Internal Reconstruction. 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 U,]]. 0000003520 00000 n 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. reconstruction? 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. #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. 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. capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the Accounting for Internal Reconstruction Solved MCQs - McqMate Only unsuccessful companies undertake capital reduction. MCQ on Internal Reconstruction : Multiple choice questions and answers The HUB, Sy. 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. Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? It is a case of, 9. Question and answers in Accounting for Internal Reconstruction. 0000040014 00000 n In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. AM$|?F9 UY 8) Pre-acquisition profit is a) Capital Profit. PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset Virtual Classroom and LMS Software | WizIQ 0000000016 00000 n Number 8/2 & 9, Sarjapur Road, Bengaluru, Karnataka- 560 103. Download CA Inter Notes Pdf May 2022 - CA Test Series 30 seconds. 0 answer choices. A company must pass a special resolution for reduction of capital. Currently, however, non-invasive language decoders . ,ffFP7(]Pa&i& b+ + bg throughout their Academic career. In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. Absorption. Internal reconstruction is done due to .. 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) Redemption of preference shares in accordance with the provisions of section 80 is reduction of preference share capital. We provide you study material i.e. Multiple Choice Questions 1)Voluntary winding up: a)If period fixed for the company is expired. All rights reserved. Reconstruction of Companies MCQ - SlideShare 0 ] 1. (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. PDF Amalgamation, Absorption & External reconstruction - NKT Degree College 0000001534 00000 n Reduction of capital is unlawful except when sanctioned by the court. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. In internal reconstruction, the existing company will be The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. MCQ - Internal Reconstruction and Capital Reduction | Multiple Choice A company has issued capital of 10,000 equity shares of Rs. Cancellation of unissued capital is also a case of capital reduction. Internal reconstruction result in the reduction of the capital of the company. [Solved] Internal reconstruction is done due to Internal Reconstruction is also known as Capital Reduction. 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 In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. Taken over. Internal Reconstruction of Company Capital Restructuring MCQs 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. 0000007752 00000 n It is a case of, 8. HUn9}om # 500000 divided into 5000 shares of Rs. c) X Ltd. Having a share capital of Rs. We provide you study material i.e. Amalgamation. The expenses for forming and implementing scheme should be debited to ____________ .a) security premium b) share capital c) Internal reconstruction d) capital reduction, 15. Answer :- Increases 2. PDF Chapter - 1 : Amalgamation, Absorbtion and External Reconstruction (As MCQ on Amalgamation and External Reconstruction - CMA TUTORS T.Y.B.com Financial Accounting mcq with answers - Suraj Patel Education |4 5 fully paid. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube Holding Company Accounts. 81 0 obj <>stream The Sub division of shares does not result in ___________ of capital.a) reduction b) added c) Compromise d) none of the above, 4. 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. b) Revenue Profit. Internal Reconstruction and Capital Reduction Notes, Corporate MULTIPLE CHOICE QUESTIONS 1. (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. Internal reconstruction Definition & Meaning | Dictionary.com capital reduction A/C will be transfer to: Business Ethics and Corporate Social Responsibility (BECSR). 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. [Solved] Capital Reduction Account is a - mcqmate.com For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6. 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: GUD}%DQO}$m|@}L*#{`g5fd4"b~d|{\?1>c:-G $}gKYVAAy)>uvH/4SPHl"@@9HI,+XP f!M7fNG/_M=,(\q #d5*-1Kv 1,G( 4^:SiOfuN7"z~7~D`K773QspCMcJ|H"#6 r+i7.eW>Q3 sT 2g3O\b ^_T_ET_[JD=+x[oct;GYO|T-"['SRt~"7f 0000009547 00000 n more mcqs. 10 each fully paid. a) authorized capital b) Called up capital c) Uncalled capital Internal Reconstruction - Advanced Accounting - MCQ Test - Teachmint 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. 0000004701 00000 n endstream endobj startxref Hey Guys, Myself Kumar Nirmal Prasad, a Teacher turned Full time Blogger and Investor. Copyright 2023 McqMate. 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. 500000 divided into 5000 shares of Rs. I am also working on some other websites which will be published soon. 0000009805 00000 n A Ltd. with a share capital of 10,000 equity shares of Rs. Holding Company Accounts. answer choices. 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. %%EOF /FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` JD%@"i0iB*c`EX Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR Accounting for Amalgamation, Absorption and External. In case of sub-division of share capital the total number of shares: 2. The video explains important mcqs on Internal Reconstruction of company #Capital Reduction #Account Download PDF. No journal entry is required for cancellation of unissued share capital. The reduction of capital is permitted under _____________ of Companies Act.a) 77 b) 100 c) 66 d) 75, 2. The term Internal Reconstruction means: 7. :u4$L"G0cOpe"MH3SIoIe?+-;YH1k G@bV+o Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. A Ltd. with a share capital of 10,000 equity shares of Rs. Q. 0000001160 00000 n 59 23 In case of sub-division of share capital the total number of shares Increases Decreases Does not change.