📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Presentation of Company Financial Statements Questions
    ask-question