Question

Under what heads will you classify the following items on the equity & liability side of the Balance Sheet of a limited company:

1. Unclaimed Dividend
2. Proposed Dividend
3. Securities Premium
4. Share Forfeited Account
5. Public Deposits
6. Debentures issued by the Company.

Answer 1

	Heading	Sub-heading
i	Current Liabilities	Other Current Liabilities
ii	Contingent Liabilities	Other Current Liabilities
iii	Shareholder's Funds	Reserves and Surplus
iv	Shareholder's Funds	Share Capital: It is shown separately below Subscribed Capital in Notes to Accounts
v	Non-Current Liabilities	Long term Borrowings
vi	Non-Current Liabilities	Long term Borrowings