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    Question

    As per Schedule III of the Companies Act, 2013,

    "Securities Premium Reserve" is shown under:
    A Reserves and Surplus Correct Answer Incorrect Answer
    B Share Capital Correct Answer Incorrect Answer
    C Non-Current Liabilities Correct Answer Incorrect Answer
    D Current Liabilities Correct Answer Incorrect Answer

    Solution

    Schedule III, Part I, under "Equity and Liabilities," requires "Securities Premium Reserve" to be disclosed under the head "Reserves and Surplus."

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