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    Question

    As per Schedule III of the Companies Act, where should

    'Unpaid Dividend' and 'Unclaimed Matured Deposits' be shown in the balance sheet?
    A Other current liabilities Correct Answer Incorrect Answer
    B Trade Payables Correct Answer Incorrect Answer
    C Other financial liabilities Correct Answer Incorrect Answer
    D Provisions Correct Answer Incorrect Answer

    Solution

    ‘Unpaid dividend’ and ‘Unclaimed deposits’ are contractual liabilities, hence classified under other financial liabilities as per Schedule III.

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