Money received against share warrants is shown under which head as per Schedule III of the Companies Act 2013?
Answer & explanation
Correct answer: option 2
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.
a) Share Capital
b) Reserves and Surplus
c) Money received against Share Warrants