12. Important Links: wound up. Company Liquidation Accounts. Q. The word And reduced cannot be added to the name of the company if no direction has been given by the court. #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 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. 0000000756 00000 n We provide you study material i.e. It is a case of, 9. Eliminate the accumulated losses from the books. Latest Reconstruction of companies MCQ Objective Questions - Testbook Internal Reconstruction MCQ (Free) | Capital Reduction September 29, 2021 11. 25. 10 each. It decides to convert its capital into 20,000 equity shares of Rs. 10 each, consolidated the shares into 5000 shares of Rs. (a) 1 (b) 2 (a)3 (a) many 4. 5 per share thus making each share of Rs. 500000 divided into 5000 shares of Rs. Multiple Choice Questions and Answers 1. b) X Ltd. Having a share capital of Rs. Internal Reconstruction - Commerceiets 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. Multiple Choice Questions and Answers (MCQs), Financial Statement and Financial Statements Analysis, MCQ on Internal Reconstruction and Capital Reduction. MCQ on Internal Reconstruction : Multiple choice questions and answers Redemption of preference shares is a case of capital reduction. 10. Friends ye artical ke alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. 59 0 obj <> endobj MCQ on Amalgamation and External Reconstruction - CMA TUTORS 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. Internal reconstruction. Ans: a) Capital Profit. endstream endobj 23 0 obj <> endobj 24 0 obj <> endobj 25 0 obj <>stream 0 81 0 obj <>stream PDF Chapter - 1 : Amalgamation, Absorbtion and External Reconstruction (As 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. Alteration of share capital can be affected by passing an ordinary resolution. When a company converts its equity shares into the capital stock, then the account to be credited is: 4. Reconstruction of Companies MCQ - SlideShare 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. In internal reconstruction, increase in the value of fixed assets is credited to. 10 each. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. Taken over. 0000003418 00000 n Q. 20. When two or more existing companies combine together to form a new company, it is termed as. 15. 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. Ans: c) Capital Reduction. Our moto is to make Responsible Accountant and Employee of whichever is field whether student be like . Agreement. Question and answers in Accounting for Internal Reconstruction. Cancellation of unissued capital is also a case of capital reduction. For writing off the accumulated Josses under the scheme of capital reduction, we debit: 6.

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