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Internal Reconstruction 08 - Class Notes

1. The document is the recap of lecture 8 on the topic of internal reconstruction in advanced accounting. 2. It provides examples of journal entries for internal reconstruction, including reduction of share capital, waiver of dividend, issue of debentures to settle creditors, payment of compensation to workmen. 3. It also gives an example problem on internal reconstruction involving the sale of investments to settle liabilities and reduction of paid up capital.

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Vishu Yadav
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66 views

Internal Reconstruction 08 - Class Notes

1. The document is the recap of lecture 8 on the topic of internal reconstruction in advanced accounting. 2. It provides examples of journal entries for internal reconstruction, including reduction of share capital, waiver of dividend, issue of debentures to settle creditors, payment of compensation to workmen. 3. It also gives an example problem on internal reconstruction involving the sale of investments to settle liabilities and reduction of paid up capital.

Uploaded by

Vishu Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UDESH REGULAR

FOR GROUP-1, MAY 2024

▪ Subject- Advanced Accounting

RECONSTRUCTION
▪ Chapter- INTERNAL

▪ Lecture No.- 8
Recap of Previous Lecture

Questions
Topic
Topics to be Covered

Topic Questions
&

MCD's
TOPIC : Questions

Entries
# 018 -

y 19004100) Pry
7t ·

Share
cap
.

Al (100)
-

Br 900000

19000 x 80) To 90
Pry
·
shee
capird A-(80)
720088

To Reduction Al 18008
100)
Capital
X

e) (
1000
(100) Dr Dowoo
Equity sap Als
-

share .

⑩ To
Equity Share
cap
.

Als (10) 400

To Reduction 900000
Capital Al

500
3) Bank Als -

Br

5000
To
Capital Reduction Als
26000
4) Trade
Pyoths (OK Des ·

Let) Al-Dr
26000
To
Capital
Reduction Ala

3) Pry
.
Dividend waived
:
No
Entry
-

Amt Dre= 35000

Starta .
Debentureholder (2 (d)
: a

Chennai Works 42500


works
:

Chenmi Entra :
90000
I

⑭Mo
=
77505
B2
:

Equity
.

440000
-

shares : 9000
Debentures 3 Sao
- B'Debentur Al -
Dr
-
r

To Debenturebold All
C
3 50000

If Debentonholdy Afc-Du ⑳
440000
r
To Chenna works 42508
1508
To
Equity share
Cap .

Dr 3500
8) Capital Reduction A)
-

350000
To Chennai Works

775000-42558)
9008
9) Invin Eg
shio Zia Itd All-Du
. .

S
-
↳
9 00
To Bebenticeholders Als
~
10) workmen
Comp Find (Chenna) Du 408
-

4008
To Reduction #
Capital
15000 -100)

700-
Sall
o -dutly
I

Investments :

↓ r

Question
Sale :
⑭
Languys
: -

Entin & to Bal


enters
the .

1508 100

Bank 1540
1 Als - Br
r
1400
To Fr Nice
for
.

r
1400
To
capital
-
Reductio (Prgis
1548
12) Track
Myablo Al-Du
1548
To Bank Al
aw 4/000
1S] Capital Reduction A/c -

1900
TO STOCK
200
To PDD

To PAL 20000

in Capital Reduction Al-AV 401400


43 To 267600

43
Bomby works
13380
To
Capital Reserve

Capital Reduction Al

B Prysh
To Chennai works 35000 180000
cap
·
.

To Sundries
/W0]) 410000 By Eg Sh Cap . - . 90000

Bank 5008
By
to BonWor [By] 2 e e My Tradily
lo 26000

400
By WCF

By Bank 1400

->
->
~Me's - will
upload fter less

Google
-
drive .

kal
Evening
-

-
DOUbS
-
-
2 mins Summary

Topic One
Questions

Two

Three

Four

Five
Thank You

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