trailer Company Final Accounts. If the creditors are willing to reduce their claims against the company, (hen the amount of reduction in their claim will be transferred to, 10. TRpH[QU4] (kB7v In case of , one existing company takes over the business of another company and no new company is formed [Solved] Internal reconstruction is done due to Forfeiture and Surrender of shares is a case of capital reduction. a) face b) market c) both of a & b d) none of the above 12. The fictitious debit balances are to be transferred to ___________ Account.a) internal reconstruction b) security premium c) share capital d) Capital Reduction, 9. 100 each, subdivided the shares into 50000 shares of Rs. c) Capital Reduction. In internal reconstruction, the existing company will be 31) Reconstruction includes all of the following except 32) . throughout their Academic career. 0000003198 00000 n c) Super Profit. The scheme of internal reconstruction requires approval of ____________ .a) Shareholders b) Central Government c) NCLT d) all the above, 7. Holding Company Accounts. Download PDF. 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) objective of our platform is to assist fellow students in preparing for exams and in their Studies Suraj Patel Education is one of the best blog on Education . McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only All rights reserved. |4 10 each fully paid decides to repay Rs. No journal entry is required for cancellation of unissued share capital. In ____________ , no new company is formed.a) External reconstruction b) Amalgamationc) internal reconstruction d) none of the above, 20. 0000001241 00000 n Ans: b) Revenue Profit. s 17. Share Capital A/c (100) Dr. 500000, Share Capital A/c (10) Cr. For writing off the accumulated Josses under the scheme of capital reduction, we debit, 6. The scheme of internal reconstruction involves ___ company. 22 0 obj <> endobj Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. 0000040014 00000 n PDF Amalgamation, Absorption & External reconstruction - NKT Degree College answer choices. xb```"WV AX,p}GynByz||kWU]{KYD$9#c'{-(&P!M cE.IJdKyAJR'![FQ[[F,r8|m5@+@nh``@P,@0yl It is a case of, 9. 500000. b) X Ltd. Having a share capital of Rs.

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