Which of the following is correct sequence to be shown under sub-heading ‘Reserve and Surplus’ to be shown in the balance sheet: - Accounts

Which of the following is correct sequence to be shown under sub-heading ‘Reserve and Surplus’ to be shown in the balance sheet:

1. Securities Premium
2. Capital Reserve
3. Capital Redemption Reserve
4. Debenture Redemption Reserve
1. Capital Reserve
2. Capital Redemption Reserve
3. Securities Premium
4. Debenture Redemption Reserve
1. Capital Reserve
2. Capital Redemption Reserve
3. Debenture Redemption Reserve
4. Securities Premium
1. Capital Reserve
2. Securities Premium
3. Debenture Redemption Reserve
4. Capital Redemption Reserve

MCQ

Explanation:

As per the Schedule III of the Companies Act, 2013, under the sub-heading “Reserves and Surplus”, the correct sequence of presentation is:

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Chapter 9: Financial Statements of Companies - OBJECTIVE TYPE QUESTIONS [Page 9.75]

Chapter 9 Financial Statements of Companies
OBJECTIVE TYPE QUESTIONS | Q (A) 47. | Page 9.75