Financial Statements of a Company · Class 12 · CBSE · Commerce Accountancy
As per Schedule III Part I of the Companies Act, 2013, under which major head and sub-head is 'Unpaid Dividend' shown in the Balance Sheet of a compa…
Practice question from Financial Statements of a Company (Class 12 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
medium · MCQ · Q-EF5DA8
As per Schedule III Part I of the Companies Act, 2013, under which major head and sub-head is 'Unpaid Dividend' shown in the Balance Sheet of a company?
- A.Non-Current Liabilities, Long-term Provisions
- B.Current Liabilities, Other Current LiabilitiesCorrect answer
- C.Current Liabilities, Short-term Provisions
- D.Non-Current Liabilities, Other Non-current Liabilities
Solution
Unpaid Dividend is a liability that is due for payment but has not been claimed or paid yet. Under Schedule III, it is classified under Current Liabilities as 'Other Current Liabilities'.
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