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Home Questions KMJMZ24PKA
Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Share capital is shown in Balance Sheet under the head as per Schedule III of the Companies Act 2013?

Options:

Non current liability

Current liability

Non current asset

Shareholders Funds

Correct Answer:

Shareholders Funds

Explanation:

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

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