Question : What items are not included in the Equity Shareholder's Fund?
Option 1: Equity Share Capital
Option 2: Profits, Reserves
Option 3: Money received against share warrants
Option 4: Accumulated losses
Correct Answer: Money received against share warrants
Solution : Answer = Money received against share warrants
The Equity Shareholder's Fund typically includes equity share capital, profits, reserves, and accumulated losses. Money received against share warrants is not usually included in the Equity Shareholder's Fund because it represents funds received by the company for potential future issuance of shares rather than actual equity held by shareholders.
Hence, the correct option is 3.