Under which Subheading 'Unclaimed dividend' will appear in Balance Sheet of a Company as per schedule III of Companies Act 2013.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) - Other Current Liabilities.
'Unclaimed dividend' will appear under the subhead 'Other Current Liabilities' in Balance Sheet of a Company as per schedule III of Companies Act 2013.
Current Liabilities
- (a) Short-term borrowings
- (b) Trade payables
- (c) Other current liabilities
- (d) Short-term provisions
Other Current Liabilities: Such as
- (i) Interest accrued but not due on borrowings;
- (ii) Interest accrued and due on borrowings;
- (iii) Income received in advance;
- (iv) Unpaid dividends; Unclaimed Dividends;
- (v) Outstanding expenses;
- (vi) Calls in advance and interest thereon.