Accounting for Internal Reconstruction MCQ
Table of Contents
Accounting for Internal Reconstruction MCQ
1. Internal reconstruction is a slow and tedious process since it required the approval of :
2. If the preference shareholder agree to sacrifice the arrear off preference dividend, it is credited to:
3. After the implementation of the scheme of internal reconstruction , any surplus in
capital reduction A/C is transferred to :
4. ……………………reconstruction refers to the reduction of capital to cancel any paid up capital.
5. Reduction of share capital is possible by the company, if it is authorized by its:
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6. Converting share of smaller denomination into larger denominations is called:
7. Converting share of larger denomination into smaller denominations is called:
8. After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to:
9. The main purpose of internal reconstruction is to:
10. A fair and equitable distribution of loss is the essence of a successful scheme of:
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