10 How will you classify the following in a Company's Balance Sheet?
(i) Reserve and Surplus; (ii) Money received against share warrants.
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Explanation:
Where do you record the money received against share warrants?
Money received against Share Warrants is shown under Equities & Liabilities side of the Balance Sheet or The Position Statement. Under the heading 'Shareholders Funds' & in the Subheading of 'Money received against Share Warrants'.
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