Question

As per Schedule IIIl, Part I of the Companies Act, 2013 ‘Unpaid dividend’ will be presented under which of the following head/sub-head in the Balance Sheet of a company?

विकल्प

• Reserves and Surplus

• Current Liabilities

• Contingent Liabilities

• Shareholders’ Funds

Answer 1

Current Liabilities

Explanation:

An unpaid dividend is a dividend that a company has declared but hasn't paid to shareholders yet. Because this is a short-term obligation that the company must settle quickly, it is a liability. Under Schedule III of the Companies Act, 2013, it is placed under the main head Current Liabilities.