Question
Divyam Textiles ltd has received money against share
warrants which will be converted into shares after 2 years at rate of 1:2. The money so received, will be shown in the Balance sheet under ________Solution
Money Received against share warrants is the amount received by the company which are converted into shares at a specified date on a specified rate. The instrument issued against the amount so received as share warrants. As per Schedule III of the Companied Act, Money received against share warrants’ is to be disclosed as a separate line item under ‘shareholder’s fund’. 
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