HomeTestsSearchRankProfile
mediumMCQCUET Accountancy 2022 30 Aug Shift 22026Accountancy
1 mark

Identify the components of equity:A. Money received against share warrantsB. Working capitalC. Share capitalD. Reserves & surplusE. Cash Revenue from operationsChoose the correct answer from the options given below:

  1. A
    A, C & E only
  2. B
    B, C & D only
  3. C
    A, B & C only
  4. D
    A, C & D only

Solution & Step-by-step Explanation

According to the Schedule III of the Companies Act, components of Shareholders' Funds (Equity) include:Share Capital (C), Reserves & Surplus (D), and Money received against share warrants (A).

Practice this question

Try it yourself before checking the explanation above.

Identify the components of equity:A. Money received against share warrantsB. Working capitalC. Share capitalD. Reserves & surplusE. Cash Revenue from operationsChoose the correct answer from the options given below:
A
A, C & E only
B
B, C & D only
C
A, B & C only
D
A, C & D only

Share This Question

Financial StatementsNature/Structure

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion