Practicing Success
Under which Subheading 'Unclaimed dividend' will appear in Balance Sheet of a Company as per schedule III of Companies Act 2013. |
Other Current Assets Short term provisions Trade payable Other Current Liabilities |
Other Current Liabilities |
The correct answer is Option (4) - Other Current Liabilities. 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. |