Shareholders fund is equal to:

Equity share capital + Preference share capital Non-current assets + Working capital – Non-current liabilities Equity share capital + Preference share capital + Reserves and Surplus. Both 2 and 3

Both 2 and 3

Shareholders’ Funds (Equity) = Share capital + Reserves and Surplus + Money received against share warrants. (Share Capital = Equity share capital + Preference share capital) or Alternatively Shareholders’ Funds (Equity) = Non-current assets + Working capital – Non-current liabilities (Working Capital = Current Assets – Current Liabilities)