New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Unclaimed dividend is shown in the balance sheet under

    the head
    A Current liability Correct Answer Incorrect Answer
    B unsecured loan Correct Answer Incorrect Answer
    C reserve and surplus Correct Answer Incorrect Answer
    D provision Correct Answer Incorrect Answer

    Solution

    Unclaimed dividend is shown in the balance sheet under the head of "Current liability." This is because unclaimed dividends represent obligations that the company owes to its shareholders, but the shareholders have not yet claimed them. As these obligations are expected to be settled in the near future, they are categorized as current liabilities, reflecting the company's short-term financial obligations.

    Practice Next