Unclaimed dividend is shown in the B/S under the head
A)Current liability
B)Unsecured loan
C)Reserve and surplus
D)Provisions

Name: Unclaimed dividend is shown in the B/S under the head A)Current liability B)Unsecured loan C)Reserve and surplus D)Provisions
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Question

Quizplus · Accepted Answer

Unclaimed dividends are considered a current liability because they represent an obligation of the company to its shareholders that is expected to be settled within the company's normal operating cycle or one year, whichever is longer.

Unclaimed Dividend Is Shown in the B/S Under the Head