There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion (A):  Dividend Payable or Unpaid Dividend is a Short-term Provision and is shown under the main head Current liabilities.
Reason (R): Dividend Payables or Unpaid Dividend is not a provision but a liability and is shown under the head Other Non-current Liabilities.

Assertion (A) is not correct and the Reason (R) is also not correct.

Dividend payable is a short-term liability of the company and Short term liabilities are those liabilities that have to be paid within one year. It is shown under the head ‘Current Liabilities’ in the Balance sheet of a company.