Practicing Success
Money received against share warrants is shown under which head as per Schedule III of the Companies Act 2013? |
Reserves and Surplus Shareholder's Funds Non Current Liabilities None of the above |
Shareholder's Funds |
The correct answer is option 2- Shareholders Fund. As per Schedule III of the Companies Act 2013, the shareholders’ funds are sub-classified on the face of the balance sheet. |