Reconstruction of a company takes place when
1. the company is undercapitalised.
2. company has incurred heavy losses which must be written off.
3. the company is overcapitalised.
Select the correct answer:
A. Both 1 and 2
B. Both 1 and 3
C. Both 2 and 3
D. All of the above
Answer: Option C
This Question Belongs to Commerce >> Accounting
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