Unclaimed dividend is shown in the ________.

P/L Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

P/L Appropriation Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Balance Sheet

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the Above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Balance Sheet
Section 125 of the Companies Act 2013 specifically deals with the dividend declared by the company but not claimed by the shareholders. If the dividend declared is not claimed up to 7 years should be transferred to Investor Education & Protection fund.
Such account for the unclaimed dividend is a liability for the company to be paid and to be shown in balance sheet.

Suggest Corrections

Similar questions

(i) Bank Balance;	(ii) Investments (Long-term);	(iii) Outstanding Salary;
(iv) Authorised Capital;	(v) Bills Payable;
(vi) Unclaimed Dividents;	(vii) Shares Option Outstanding Account;
(viii) General Reserve; and	(ix) Subsidy Reserve?

Under what heads the following items on the Equity and Liabilities side of the Balance Sheet of a Company will be presented :

(i) Proposed Dividend

(ii) Unpaid/Unclaimed Dividend

(iii) Debentures

(iv) Matured Debentures

(v) Calls in Arrears

(vi) Sinking Fund

(vii) Provision for Provident Fund

(viii) Bills Payable

(ix) Public Deposits

Join BYJU'S Learning Program