12. 100 each, converts it into stock. Forfeiture and Surrender of shares is a case of capital reduction. PDF Multiple Choice Questions 0000008674 00000 n
It is a case of, Answer :- Reducing share capital by returning the excess capital, 5. a) X Ltd. Having a share capital of Rs. #2 MCQ for TYBCOM Sem 5 - Internal Reconstruction MCQ's - YouTube (a) 1 (b) 2 (a)3 (a) many 4. hVN;?*:_ In case of sub-division of share capital the total number of shares: 2. 500000, Micro Economics Notes and Important Questions, Reducing share capital by returning the excess capital, Reducing the liability on account of uncalled capital. 23. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. In which of the following cases, procedure of reduction of capital is not called for: 11. 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. in Bangalore here: Software Service Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. Download CA Inter Notes Pdf May 2022 - CA Test Series It is a case of: (i) Reducing share capital by returning the excess capital, (ii) Reducing the liability on account of uncalled capital. 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. The full balance of capital is to be debited, if _____________ value is reduced. Reduction of capital is unlawful except when sanctioned by the court. capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the 100 each, subdivided the shares into 50000 shares of Rs. Accounting for Amalgamation, Absorption and External. Download PDF. 8) Pre-acquisition profit is a) Capital Profit. Bring down the assets to their true values. To carry out capital reduction, permission is required from: 14. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. No journal entry is required for cancellation of unissued share capital. <<0ABB1FF79DCA334A925490CD6BFFDF14>]>>
Q. Capital Reduction Account is ________ by payment of reconstruction expenses.a) credited b) debited c) Cash Account d) none of the above, 17. trailer
All rights reserved. 500000 divided into 50000 shares of Rs. Merged with another co. 5. a) face b) market c) both of a & b d) none of the above 12. McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only MCQ on Amalgamation and External Reconstruction - CMA TUTORS answer choices. Company Final Accounts. s 500000. b) X Ltd. Having a share capital of Rs. Internal Reconstruction of Company Capital Restructuring MCQs The HUB, Sy. Accounting for Internal Reconstruction Important MCQs. A company is free to reduce or extinguish the uncalled liability of its members. b) Revenue Profit.
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To carry out capital reduction, permission is required from: a) X Ltd. Having a share capital of Rs. The Shareholders can surrender shares for ________ or ____________ .a) re-issue, cancellation b)Fresh Issue, Redemption c) none of the above, 5. c) X Ltd. Having a share capital of Rs. PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset 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. c) Super Profit. 0000001160 00000 n
McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR (a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. Internal reconstruction Definition & Meaning | Dictionary.com Save my name, email, and website in this browser for the next time I comment. In case of sub-division of share capital the total number of shares, 2. 0000003520 00000 n
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T.Y.B.com Financial Accounting mcq with answers - Suraj Patel Education We would like to show you a description here but the site won't allow us. 6) Internal reconstruction means a) Amalgamation in nature of merger. 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. 0000001534 00000 n
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Eliminate the accumulated losses from the books. Let's take a quick look at the CA Inter Course before diving into the specifics of the ICAI CA Inter Mcq Notes 2022. 5 fully paid. Internal Reconstruction MCQ (Free) | Capital Reduction 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. 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 Internal Reconstruction - Commerceiets In internal reconstruction neither the existing company is liquidated, nor is a new company incorporated. 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. 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: Alteration of share capital can be affected by passing an ordinary resolution. Computerized Accounting Practices. Accounting procedure when internal reconstruction made 36) 7. /FV.)|[%;$3 >% LMhLI3kve^v2zWl:{ eM>"2+hY$Jddt'i;|` Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. 500000 divided into 5000 shares of Rs. Multiple Choice Questions. The term Internal Reconstruction means: 7. 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 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 . 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. 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. Number 8/2 & 9, Sarjapur Road, Bengaluru, Karnataka- 560 103. Copyright 2023 McqMate. endstream
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. A Ltd. with a share capital of 10,000 equity shares of Rs. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. #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. 10 each. #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 A company is free to reduce or extinguish the uncalled liability of its members. 64 of the Companies Act, 2013 the company shall give notice of the alternation of capital to the registrar within 45 days. Checkout Top Schools 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. PDF Sample Questions For B.Com. ( Accounting & Finance) -Sem V 2019-2020 0000002930 00000 n
PDF Amalgamation, Absorption & External reconstruction - NKT Degree College 10. MULTIPLE CHOICE QUESTIONS 1. Computerized Accounting Practices. a) 77 b) 100 c) 66 d) 75 2. The Capital reduction means reduction in ____________ value of shares.a) authorized capital b) Called up capital c) Uncalled capital d) paidup value, 3. 22. M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. %%EOF
JD%@"i0iB*c`EX 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. The reduction of capital is permitted under _____________ of Companies Act.a) 77 b) 100 c) 66 d) 75, 2. Here we are providing Notes , MCQs , Question Bank , Notes on Current Affairs & Many More. b) Revenue Profit. Under which of the following circumstances can a company resort to internal reconstruction? Currently, however, non-invasive language decoders . 0000006175 00000 n
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. 0000000016 00000 n
Hey Guys, Myself Kumar Nirmal Prasad, a Teacher turned Full time Blogger and Investor. answer choices. 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 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. %%EOF
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According to sec. Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. Equity share capital A/c Dr. 500000, Equity Stock A/c Cr. 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.
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