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All of them are shown under the sub-heading 'Reserve and Surplus' except :

Solution

✅ Correct Option: 3

Under Schedule III, Reserves and Surplus includes Capital Reserve, Securities Premium, Debenture Redemption Reserve, Revaluation Reserve and Surplus in P and L. Forfeited Shares balance is shown separately by adding to Subscribed Capital under Share Capital, not under Reserves and Surplus.

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