Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Money received against share warrants' is to be disclosed as a separate item under which head/sub-head......

Options:

Shareholder's fund

Reserves and Surplus

Non-current Liabilities

Notes to accounts

Correct Answer:

Shareholder's fund

Explanation:

The correct answer is option 1- Shareholder's fund.

Money received against share warrants' is to be disclosed as a separate item under Shareholder's fund.

Money Received against share warrants is the amount received by the company which are converted into shares at a specified date on a specified rate. The instrument issued against the amount so received as share warrants. Money received against share warrants’ to be disclosed as a separate line item under ‘shareholder’s fund’.