Home › UP Board Class 12 › accountancy › Financial Statements of a Company › Reserves and surplus of a company are shown unde…
Reserves and surplus of a company are shown under the head:
ANon-current Assets
BCurrent Liabilities
CShareholders' Funds
DCurrent Assets
Answer & Solution
Correct answer: C. Shareholders' Funds
Reserves and surplus appear under Shareholders' Funds.
Related questions
In a company's Balance Sheet, the total of the 'Equity and Liabilities' side must equal thA key limitation of financial statements is that they are generally based on:Financial statements are prepared mainly to help ___ make economic decisions:The statement that shows the revenue earned and expenses incurred to arrive at profit or lInventories and trade receivables of a company are examples of:Trade payables (creditors) of a company are an example of:Plant, machinery and buildings of a company are classified as:Obligations that are due to be paid within twelve months are classified as: