Under which head and how are the following items shown in the Balance Sheet of a company under Schedule III: (i) Calls-in-Arrears: (ii) Share Application Money Pending Allotment, (iii) Unpaid Dividend, and (iv) Dividend not paid on Cumulative Preference Shares?

Under which head and how are the following items shown in the Balance

1.	Under which head and how are the following items shown in the Balance Sheet of a company under Schedule III: (i) Calls-in-Arrears: (ii) Share Application Money Pending Allotment, (iii) Unpaid Dividend, and (iv) Dividend not paid on Cumulative Preference Shares?
Answer» Solution :(i) Calls-In-Arrears is shown under Shareholders' Funds by way of deduction from 'Subscribed but not FULLY PAID-up' under Subscribed Capital. (ii) SHARE Application Money. Pending Allotment is shown as a separate fine item between Equity and Non-current Liabilities. (iii) Unpaid DIVIDEND is shown as Other Current Liability under Current Liabilities. (iv) Dividend not paid on CUMULATIVE Preference Shares is shown as Contingent Liability in the Notes to Accounts.

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Under which head and how are the following items shown in the Balance Sheet of a company under Schedule III: (i) Calls-in-Arrears: (ii) Share Application Money Pending Allotment, (iii) Unpaid Dividend, and (iv) Dividend not paid on Cumulative Preference Shares?

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