Question : Money Received Against Share Warrants are shown under the head of ------
Option 1: Other Non-current Liabilities
Option 2: Long-term Provisions
Option 3: Current liabilities
Option 4: Shareholder's fund
Correct Answer: Shareholder's fund
Solution : Answer = Shareholder's fund
Money received against share warrants is typically shown under the head of the Shareholder Fund in the balance sheet. Share warrants represent an option to purchase shares at a predetermined price, and the proceeds received from issuing these warrants are considered part of the company's equity capital. Hence, the correct option is 4.
Question : Which of the following statements is incorrect?
Option 1: Working Capital = Current Assets - Current Liabilities
Option 2: Current Liabilities = Total Assets - Non-Current Liabilities - Shareholder's fund
Option 3: Working Capital = Equity Share Capital + Reserves & Surplus - Long Term Loan - Non-Current Assets
Option 4: None of the above
Question : What items are not included in the Equity Shareholder's Fund?
Option 1: Equity Share Capital
Option 2: Profits, Reserves
Option 3: Money received against share warrants
Option 4: Accumulated losses
Question : 'Loan', 'Loan on Mortgage' and 'Bank Loan' are____________therefore, these should not be included in______________.
Option 1: Short term borrowing, current liabilities
Option 2: Long term borrowing, non- current liabilities
Option 3: Long term borrowing, current liabilities
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