Practicing Success

Target Exam

CUET

Subject

Accountancy

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:

Authorised Capital

Issued Capital

Paid-up Capital

Shareholders Funds

Correct Answer:

Shareholders Funds

Explanation:

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.