Q. In case of subdivision of share capital, the total number of shares ……….
✅ Correct Answer: (A)
Increases
Corporate Accounting MCQs and Notes
Q. In case of subdivision of share capital, the amount of share capital……….
✅ Correct Answer: (C)
Does not change
Q. In internal reconstruction, increase in the value of fixed assets is credited to……….
✅ Correct Answer: (D)
Capital reduction account
Q. The balance in Capital Reduction Account is transferred to …………
✅ Correct Answer: (C)
Capital Reserve
Q. Capital Reduction Account is a ………..
✅ Correct Answer: (C)
Temporary Account
Q. Capital of a company can be reduced by …………
✅ Correct Answer: (D)
All of these
Q. Internal reconstruction can be ………
✅ Correct Answer: (D)
All of these
Q. In ………., the company does not loss its identity
✅ Correct Answer: (D)
Internal reconstruction
Q. Internal reconstruction is done due to ………..
✅ Correct Answer: (D)
All of these
Q. In………., an existing company’s financial structure is reorganized without liquidating the existing company and forming a new company.
✅ Correct Answer: (D)
Internal reconstruction