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Which one of the following items is shown under the heading ‘current liabilities’ in the Balance Sheet of a company? - Accounts

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Question

Which one of the following items is shown under the heading ‘current liabilities’ in the Balance Sheet of a company?

Options

  • Investments

  • Reserve Fund

  • Unclaimed Dividend

  • Livestock

MCQ
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Solution

Unclaimed Dividend

Explanation:

Unclaimed Dividend refers to the dividend that has been declared by the company but not yet claimed by shareholders. Since it is payable within a short period, it is shown under:

Current Liabilities → Other Current Liabilities

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Chapter 9: Financial Statements of Companies - OBJECTIVE TYPE QUESTIONS [Page 9.73]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 9 Financial Statements of Companies
OBJECTIVE TYPE QUESTIONS | Q (A) 36. | Page 9.73
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