In internal reconstruction, the existing company will be Accounting for Internal Reconstruction Multiple choice questions and answers. [Solved] Internal reconstruction can be done by - McqMate Company Final Accounts. 0000001241 00000 n 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. In which of the following cases, procedure of reduction of capital is not called for: 11. 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 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. JD%@"i0iB*c`EX Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR Save my name, email, and website in this browser for the next time I comment. |4 Amount sacrificed by shareholders are credited to: 13. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. endstream endobj 26 0 obj <>stream PDF Question Bank Corporate Restructuring Sem Vi Oct. 2020 - Rset When a company converts its equity shares into the capital stock, then the account to be credited is , 4. Manan Prakashan 1 CHAPTER - 1 : AMALGAMATION, ABSORBTION AND EXTERNAL RECONSTRUCTION (AS - 14) MULTIPLE CHOICE QUESTIONS. 10 each fully paid decides to repay Rs. When two or more existing companies combine together to form a new company, it is termed as. throughout their Academic career. A company must pass a special resolution for reduction of capital. Internal reconstruction Definition & Meaning | Dictionary.com HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._ KDaTJj1~' McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only Amount sacrificed by shareholders are credited to: 14. M.A EXAM :- https://t.me/mastudentsexam, https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw. It is a case of, Answer :- Reducing share capital by returning the excess capital, 5. Question 2. Bachelor of Business Administration (BBA). hTA0>C. HUn9}om # __________ 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. 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. a) 77 b) 100 c) 66 d) 75 2. No journal entry is required for cancellation of unissued share capital. Internal reconstruction is done due to .. 5 fully paid. 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.
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