Win vouchers worth INR 2,000 with our School Referral Program, Ranked Amongst Top 25 Companies by LinkedIn. Computerized Accounting Practices. It is a case of, 9. %%EOF Accounting for Amalgamation, Absorption and External. 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 internal reconstruction neither the existing company is liquidated, nor is a new company incorporated. 0000008674 00000 n 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 100 each, converts it into stock. Irk#nf`S_Jlhf6+xx?$UZ$yZ}opP~ fCJ[1[nS+\M]_pOgut9qiWb|Tr@r`Xj 8p2_7y#@DZpNS80dJ^3S2RzP3;! 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. Copyright 2023 McqMate. [Solved] Internal reconstruction is done due to Redemption of preference shares is a case of capital reduction. The objective of reconstruction is to write off ___________ .a) profit b) accumulated losses c) nil d) none of the above, 18. 0000005402 00000 n b) Absorption. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. Company Final Accounts. 100 each, subdivided the shares into 50000 shares of Rs. 81 0 obj <>stream |:a=Z&v)kgAN"6]tBzy!NS Checkout Top Schools 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. a) authorized capital b) Called up capital c) Uncalled capital Q. GUD}%DQO}$m|@}L*#{`g5fd4"b~d|{\?1>c:-G $}gKYVAAy)>uvH/4SPHl"@@9HI,+XP f!M7fNG/_M=,(\q #d5*-1Kv 1,G( 4^:SiOfuN7"z~7~D`K773QspCMcJ|H"#6 r+i7.eW>Q3 sT 2g3O\b ^_T_ET_[JD=+x[oct;GYO|T-"['SRt~"7f Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR Hey Guys, Myself Kumar Nirmal Prasad, a Teacher turned Full time Blogger and Investor. 0000003418 00000 n 30 seconds. Friends ye artical ke alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. Hn0w?Gr "% 2t0 hVN;?*:_ Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. Accounting procedure when internal reconstruction made 36) 7. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - Financial AccountingThis lecture series contains all the MCQs related to TYBCOM Sem 5 - Financial A. All rights reserved. Restructuring Internal Reconstruction 22 State an arrangement whereby the assets of two ro more companies come under the control of one company? 10 each fully paid decides to repay Rs. Taken over. Save my name, email, and website in this browser for the next time I comment. 100 each. 100 each, subdivided the shares into 50000 shares of Rs. Learn more. 1.If there is any balance in the capital reduction account after writing off all the accumulated losses then the same is transferred to ; (A) Share Capital Account (B) Capital Reserve Account (C) General Reserve Account (D . Share Capital A/c (10) Dr. 500000. c) X Ltd. Having a share capital of Rs. 11. 1. trailer Ixdp]A:DKp 7>+^wsvKC?0c oLm7{ V[H,Q~$agt8O4js_22Q|Waoq\WU 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. AMALGAMATION, ABSORPTION & EXTERNAL RECONSTRUCTION - Quiz The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. 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. 0000002930 00000 n c) X Ltd. Having a share capital of Rs. 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 The scheme of internal reconstruction involves ___ company. 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. In case of sub-division of share capital the total number of shares, 2. 0000001427 00000 n %%EOF It is a case of, 8. answer choices. 10 each. In which of the following cases, procedure of reduction of capital is not called for: (iii) Surrender of shares or gift of shares. The word And reduced cannot be added to the name of the company if no direction has been given by the court. Accounting for Internal Reconstruction Multiple choice questions and answers. 100 each, converts it into stock. A company has issued capital of 10,000 equity shares of Rs. <<0ABB1FF79DCA334A925490CD6BFFDF14>]>> Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. 0000040014 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 2. in Bangalore here: Software Service I am also working on some other websites which will be published soon. (a) 1 (b) 2 (a)3 (a) many 4. 22. 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. Valuation of Shares. 10 each fully paid. d:b%aE2ag,jO=7^Mq*YTW%s\QQ]7,Z >cDu061`xxg]Q9*!:z5~m^&Wi=DJ?^rt3@Ey7ogblH@Pb endstream endobj startxref Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. MCQ on Internal Reconstruction : Multiple choice questions and answers 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. 0000006983 00000 n Important Links: PDF Multiple Choice Questions 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. PDF INTERNAL RECONSTRUCTION - sgp1.digitaloceanspaces.com Vertical Horizontal Conglomerate Demerger The cancellation of contingent liability is____ for company. Consent of creditors is not required if capital reduction involves the writing off of paid up capital lost or not represented by available assets. Holding Company Accounts. Shareholders not approving scheme is called _________ shareholders. reconstruction? 55 0 obj <>stream #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube 10 each, consolidated the shares into 5000 shares of Rs. Internal reconstruction result in the reduction of the capital of the company. 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 company resorts to internal reconstruction or capital reduction only in exceptional circumstances. Reduction of capital is unlawful except when sanctioned by the court. 0000003198 00000 n #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 hb```f``c`e`icd@ Ar400kPQ{!{GGCG+CP q #s*m,f.HfEZX7``~d1/s ` ! Question and answers in Accounting for Internal Reconstruction. Internal reconstruction Definition & Meaning | Dictionary.com Answer :- Increases 2. 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 Absorption. 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 500000 divided into 50000 shares of Rs. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. A company must pass a special resolution for reduction of capital. Ans: c) Capital Reduction. When an existing company takes over the business of one or more existing companies, it is called. Company Liquidation Accounts. Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. Multiple Choice Questions 1)Voluntary winding up: a)If period fixed for the company is expired. 100 each. 10 each, consolidated the shares into 5000 shares of Rs. Suraj Patel Education is one of the best blog on Education . 500000 divided into 5000 shares of Rs. 10 each fully paid decides to repay Rs. Corporate Accounting Multiple Choice Questions and Answers (MCQs A company is free to reduce or extinguish the uncalled liability of its members. Agreement. Merger Buyout Joint Venture De-merger 23Which merger involves firms engaged in unrelated types of activities? Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . When two or more existing companies combine together to form a new company, it is termed as. Copyright 2023 McqMate. Accounting for Amalgamation, Absorption and External. Reconstruction of Companies MCQ - SlideShare 6) Internal reconstruction means a) Amalgamation in nature of merger. Here we are providing Notes , MCQs , Question Bank , Notes on Current Affairs & Many More. 8) Pre-acquisition profit is a) Capital Profit. 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. ,ffFP7(]Pa&i& b+ + bg Amalgamation, Absorption & External reconstruction Multiple Choice Questions 1. Download CA Inter Notes Pdf May 2022 - CA Test Series The term Internal Reconstruction means: 7. 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. MULTIPLE CHOICE QUESTIONS 1. |4 Q. In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. endstream endobj 71 0 obj <>stream objective of our platform is to assist fellow students in preparing for exams and in their Studies MCQ on Amalgamation and External Reconstruction - CMA TUTORS 20. A Ltd. with a share capital of 10,000 equity shares of Rs. objective of our platform is to assist fellow students in preparing for exams and in their Studies 21.Only unsuccessful companies undertake capital reduction. In a scheme of reorganization amount of shares surrendered by shareholders is transferred to: 12. 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. Only unsuccessful companies undertake capital reduction. Computerized Accounting Practices. 500000 divided into 50000 shares of Rs. hTA0>C. 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 . According to sec. 0000003758 00000 n In a scheme of reorganisation amount of shares surrendered by shareholders is transferred to: 13. 500000 divided into 5000 shares of Rs. Cancellation of unissued capital is also a case of capital reduction. Alteration of share capital can be affected by passing an ordinary resolution. 0000001534 00000 n Download PDF. throughout their Academic career. It decides to convert its capital into 20,000 equity shares of Rs. External reconstruction. Under which of the following circumstances can a company resort to internal 5 each. To carry out capital reduction, permission is required from: 14. Internal Reconstruction MCQ (Free) | Capital Reduction To carry out capital reduction, permission is required from: a) X Ltd. Having a share capital of Rs. 22 0 obj <> endobj Semantic reconstruction of continuous language from non-invasive brain Redemption of preference shares in accordance with the provisions of section 80 is reduction of preference share capital. Internal Reconstruction and Capital Reduction Notes, Corporate The video explains important mcqs on Internal Reconstruction of company #Capital Reduction #Account M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. In internal reconstruction, the existing company will be Under Sec. 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. Amount sacrificed by shareholders are credited to: 14. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. 3. %PDF-1.5 % b) X Ltd. Having a share capital of Rs. 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
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