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'Money received against share warrants' is to be disclosed as a separate line item under which main head of a company's Balance Sheet?

  1. A
    Shareholders' funds
  2. B
    Reserves and Surplus
  3. C
    Non-current Liabilities
  4. D
    Notes to accounts

Solution & Step-by-step Explanation

In Schedule III of the Companies Act, 2013, the main heading Shareholders' Funds is sub-classified into:(a) Share Capital(b) Reserves and Surplus(c) Money received against share warrantsTherefore, it falls under the primary head Shareholders' funds.

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'Money received against share warrants' is to be disclosed as a separate line item under which main head of a company's Balance Sheet?
A
Shareholders' funds
B
Reserves and Surplus
C
Non-current Liabilities
D
Notes to accounts

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