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Unit 5: Internal Reconstruction of Companies

answers: self assessment notes

1. False 2. True
3. True 4. False

5. True 6. True
7. True 8. The Court
9. No Journal Entry 10. Accumulated Losses
11. Reduces 12. Unsuccessful Companies

13. Thirty 14. Paid Up
15. (d) No company is liquidated 16. (d) Capital reduction account
17. (c) Capital reserve account 18. (a) Court

5.5 further readings

Books Dam, B. B. & Gautam, H. C. Corporate Accounting, Capital Publishing.

Das, K. R. Corporate Accounting, LBS Publication.
Dr. Sehgal, A. & Dr. Sehgal, D. Advanced Accounting & Corporate Accounting.
Taxman.

Online links http://www.kkhsou.in/main/EVidya2/commerce/internal_reconstruction.
html
http://www.topcafirms.com/index.php/white-paper/72-asset-reconstruction-
companies-an-overview
http://www.livemint.com/Opinion/dNMY05fLnJwWQuacrsAQEN/
Reconstructing-asset-reconstruction-firms.html

http://www.svtuition.org/2010/06/absorption-and-reconstruction.html

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