Financial Accounting Mcqs are Collected from different Past papers and from Accounting Mcqs Bank. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.
Amalgamation, absorption and purchase considerationBIJIN PHILIP
This presentation contain information regarding amalgamation, absorption, types of amalgamation, purchase consideration and different methods of calculating purchase consideration.
Financial Accounting Mcqs are Collected from different Past papers and from Accounting Mcqs Bank. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.
Amalgamation, absorption and purchase considerationBIJIN PHILIP
This presentation contain information regarding amalgamation, absorption, types of amalgamation, purchase consideration and different methods of calculating purchase consideration.
Reconstruction of Companies problem with answer is discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
Reconstruction of Companies problem with answer is discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
Reconstruction of Companies problem with answer is discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
Reconstruction of Companies problem with answer is discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
Reconstruction of Companies problem with answer is discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
Reconstruction of Companies problem with answer is discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
All the theoretical concepts of Reconstruction of companies are discussed in this PPt.
#ReconstructionofComapnies
#Dr MamataRathi
#InternalReconstruction
#Externalreconstruction
#ReconstructionNotes
#ReconstructionBcomSY
#Accounting
#Corporate Accounting
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2. 1.If there is any balance in the capital reduction account after
writing off all the accumulated losses then the same is
transferred to ;
(A) Share Capital Account
(B) Capital Reserve Account
(C) General Reserve Account
(D) None of these
Answer : (B) Capital Reserve Account
3. 2. A company has issued capital of 10,000 equity shares of Rs.
10 each fully paid. It decides to cover its capital into 20,000
equity shares of Rs. 5 each. It is a case of
(A) Consolidation of Share Capital
(B) Sub-division of share capital
(C) Decrease in unissued share capital
(D) None of the Above
Answer : (B) Sub-division of share capital
4. 3. If the creditors are willing to reduce their claims against the
company, then the amount of reduction in their claim will be
transferred to :
(A) Share capital Account
(B) Creditors Account
(C) Capital Reduction Account
(D) None of these
Answer : (C) Capital Reduction Account
5. 4. In case of subdivision of share capital the total number
of shares ______
A. Increases
B. Decreases
C. Does not change
D. None of Above
Answer : (A) Increases
6. 5. If the shares of smaller denominations are converted into the
shares of higher denominations without changing the total
amount of share capital, then it is a case of :
A. Consolidation of share Capital
B. Sub-division of share capital
C. Decrease in unissued share capital
D. None of these
Answer : (A) Consolidation of share Capital
7. 6. When a company converts its equity shares into capital
stock, then the account to be credited is ;
A. Equity share capital A/c
B. Equity Capital Stock A/c
C. No Entry is required
D. None of these
Answer : (B) Equity Capital Stock A/c
8. 7. A. Ltd with a share capital of 10,000 equity shares of Rs.
10 each fully paid decides to repay Rs. 5 per share thus making
each share of Rs. 5 fully paid. It is a case of
A. Reducing share capital by returning the excess
capital
B. Reducing the liability on account of uncalled
capital
C. Reducing the paid up capital
D. All of above
Answer : (A) Reducing share capital by returning the excess
capital
9. 8. For writing off the accumulated losses under the scheme
of capital reduction, we debit :
A. Share Capital A/c
B. Accumulated losses A/c
C. Capital Reduction Account
D. None of these
Answer : (C) Capital Reduction Account
10. 9. Any loss on revaluation of the assets at the time of
internal reconstruction, will be charged from :
A. Revaluation A/c
B. Share Capital A/c
C. Capital reduction A/c
D. None of these
Answer : (C) Capital reduction A/c
11. 10. In which of the following cases, procedure of reduction
of capital is not called for :
A. Redemption of preference shares
B. Forfeiture of shares
C. Surrender of shares or gift of shares
D. All of the above
Answer : (D) All of the above
12. 11. In a scheme of reorganisation amount of shares
surrendered by shareholders is transferred to :
A. Capital Reduction A/c
B. Shares Surrendered A/c
C. Capital reserve A/c
D. Reserve capital A/c
Answer : (B) Shares Surrendered A/c
13. 12. Amount sacrificed by shareholders is credited to :
A. Capital reduction A/c
B. Shares surrendered A/c
C. Capital reserve A/c
D. Reserve Capital A/c
Answer : (A) Capital reduction A/c
14. 13. To carry out capital reduction, permission is required
from :
A. The Competent Court
B. Company Law Board
C. Central Government
D. SEBI
Answer : (A) The Competent Court
15. 14. When company is turn into liquidation and new company is
formed to take over business &such company it is termed
as ..........
A) Absorption
b) Liquidation
c) External Reconstruction
d) Internal Reconstruction
Answer : (C) External Reconstruction
16. 15. When company is internally re-organised without
liquidation it is termed as.................
a) Amalgamation
b) Absorption
c) External Reconstruction
d). Internal Reconstruction
Answer : (D) Internal Reconstruction
17. 16. In case of Internal Reconstruction following account is
prepared to ascertain the result of scheme .............
a) Realisation A/c
b) Capital Reduction A/c
c) Profit & Loss A/c
d) None
Answer : (B) Capital Reduction A/c
18. 17. Balance of shares surrendered but not re-issued
transferred to ...............
a) Profit & Loss A/c
b) Realisation A/c
c) Capital Reduction A/c
d) None
Answer : (C) Capital Reduction A/c
19. 18. In case of Internal Reconstruction payment of
contingent liability is debited to .............
a) Profit & Loss A/c
b) Capital Reduction A/c
c) Realisation A/c
d) Other
Answer : (B) Capital Reduction A/c
20. 19. Realisation of unrecorded asset under Internal
Reconstruction is credited to ..............
a) Capital Reserve A/c
b) Profit & Loss A/c
c) Realisation A/c
d) Capital Reduction A/c
Answer : (D) Capital Reduction A/c
21. 20. Increase in value assets under Internal Reconstruction
is credited to …………..
a) Profit & Loss A/c
b) Capital Reduction A/c
c) Realisation A/c
d) Other
Answer : (B) Capital Reduction A/c
22. 21. Decrease in Value assets under Internal Reconstruction
is debited to ..............
a) Capital Reserve A/c
b) Profit & Loss A/c
c) Realisation A/c
d) Capital Reduction A/c
Answer : (D) Capital Reduction A/c
23. 22. Increase in Value liability under Internal Reconstruction
is debited to …………..
a) Profit & Loss A/c
b) Goodwill A/c
c) Capital Reduction A/c
d) None
Answer : (C) Capital Reduction A/c
24. 24. Decrease in value liability under Internal
Reconstruction is credited to ..............
a) Profit & Loss A/c
b) Capital Reduction A/c
c) Realisation A/c
d) Capital Reserve A/c
Answer : (B) Capital Reduction A/c
25. 25.Reserve for doubtful debt on debtors under internal
Reconstruction is debited to ....................
a) Profit & Loss A/c
b) Goodwill A/c
c) Capital Reduction A/c
d) None
Answer : (C) Capital Reduction A/c
26. 26. Authorized capital is also termed as ..................
a) Nominal Capital
b) Reserve Capital
c) Sink Capital
d) None
Answer : (A) Nominal Capital
27. 27. The part of share capital, which is reserved and cannot
called during life time of company is termed as...........
a) Authorized Capital
b) Subscription Capital
c) Called-up Capital
d) Reserve Capital
Answer : (D) Reserve Capital
28. 28. In………., an existing company’s financial structure is
reorganized without liquidating the existing company and
forming a new company.
A. Amalgamation
B. External reconstruction
C. Absorption
D. Internal reconstruction
Answer : (D) Internal reconstruction
29. 28. .Internal reconstruction is done due to ………..
A. Accumulated losses
B. Shortage of working capital
C. Large amount of fictitious assets
D. All of these
Answer : (D) All of these
30. 29. In ………., the company does not loss its identity
A. Amalgamation
B. External reconstruction
C. Absorption
D. Internal reconstruction
Answer : (D) Internal reconstruction
31. 30. Internal reconstruction can be ………
A. Alteration of share capital
B. Reduction of share capital
C. Re-organization of capital
D. All of these
Answer : (D) All of these
32. 31. Capital of a company can be reduced by …………
A. Authorization of Articles
B. Passing of a special resolution
C. Confirmation of court
D. All of these
Answer : (D) All of these
33. 32. Capital Reduction Account is a ………..
A. Nominal Account
B. Permanent Account
C. Temporary Account
D. None of these
Answer : (C) Temporary Account
34. 33. The balance in Capital Reduction Account is
transferred to …………
Answer : (C) Capital Reserve
A. General Reserve
B. Profit and loss Account
C. Capital Reserve
D. Goodwill Account
35. 34. In internal reconstruction, the existing company will be
……….
A. Amalgamated
B. Absorbed
C. Liquidated
D. None of these
Answer : (D) None of these