All of them are shown under the sub-heading 'Reserve and Surplus' except :
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.
Related questions:
2026: 31 May Shift 1
2022: 20 July Shift 1
2022: 23 Aug Shift 2