Share capital is shown in Balance Sheet under the head as per Schedule III of the Companies Act 2013?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- Shareholders Funds.
Share capital is shown in Balance Sheet under the head Shareholders Funds.
As per Schedule III of the Companies Act 2013, the shareholders’ funds are sub-classified on the face of the balance sheet..
a) Share Capital
b) Reserves and Surplus
c) Money received against Share Warrants