Reconstruction of a company takes place when i the company is undercapitalised ii company has incurr...........

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Reconstruction of a company takes place when

(i) the company is undercapitalised

(ii) company has incurred heavy losses which must be written off

(iii) the company is overcapitalised Which one of the following is correct ? (2 marks)

(i) and (ii) only

(i) and (iii) only

(ii) and (iii) only

All the above

(ii) and (iii) only

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