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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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