Multiple Choice Questions on Unclaimed Dividend is shown in the Balance Sheet under the head ........ for SEBI Grade A ( Officer) Exam Preparation

Paymentofdividends

Companies Act-Phase (I & II)

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Indian Economy - Understanding the basics of Indian economic system

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    Unclaimed Dividend is shown in the Balance Sheet under the head:

    Reserve and surplus

    Incorrect Answer

    Loans and advances

    Incorrect Answer

    Current liability 

    Correct Answer

    Current assets

    Incorrect Answer
    Explanation:

    Unclaimed and unpaid dividend is a short-term liability which need to be paid to the shareholder. This is to be shown as current liability in balance sheet of the company.


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