INTRODUCTION:-

 There is no statutory obligation upon sole proprietorship

or partnership firm to prepare final accounts, but
companies have a statutory obligation to prepare final
accounts required by section 210 of the companies act.
The general principles of preparing the final accounts of
joint stock companies are same in case of the sole
proprietor or partnership firms. It may be remembered
that the provisions f the companies act , 1956 relating to
forms and contents of the final accounts does not apply
to insurance, banking and electricity companies which
are governed by special acts relating to such companies.
 LEGAL POSITION REGARDING FINAL
ACCOUNTS OF COMPANIES
Section 210 to 220 of the companies act, 1956 deal with the
legal position relating to the final accounts of joint stock
companies.
 Section 210: It deals with the preparation and presentation of
the final accounts of a joint stock company.
 Section 211: It deals with form and contents of the balance
sheet and profit and loss account.
 Section 212: It deals with the disclosure of certain particulars
in the balance sheet of a holding company in respect of its
subsidiaries.
SUBSIDIARY COMPANY.

SECTION 214: IT MAKES PROVISIONS REGARDING

RIGHTS OF HOLDING COMPANY’S REPRESENTATIVES
AND MEMBERS TO INSPECT BOOKS OF ACCOUNTS KEPT
BY ANY OF ITS SUBSIDIARIES.

SECTION 215: AS PER THIS SECTION, THE BALANCE

SHEET AND PROFIT AND LOSS ACCOUNT OF THE
COMPANY SHALL BE AUTHENTICATED ON BEHALF OF
BOARD OF DIRECTORS BY ITS MANAGER OR
SECRETARY.

SECTION 216: THE PROFIT AND LOSS SHALL BE

TREATED AS AN ANNEXURE TO THE BALANCE SHEET
AND THE AUDITOR’S REPORT AS AN ENCLOSURE
HERETO.
SECTION 217: THE REPORT OF THE BOARD AND
DIRECTORS SHALL BE ATTACHED TO EVERY BALANCE
SHEET LAID BEFORE THE SHAREHOLDERS IN GENERAL
MEETING.

SECTION 218: IT PROVIDES FOR PENALTY FOR

IMPROPER ISSUE, CIRCULATION OR PUBLICATION OF
BALANCE SHEET OR PROFIT AND LOSS ACCOUNT.

SECTION 219: IT DEALS WITH RIGHT OF THE MEMBER

TO COPIES OF BALANCE SHEET AND PROFIT AND LOSS
ACCOUNT.

SECTION 220: THREE COPIES OF THE BALANCE SHEET

AND PROFIT AND LOSS ACCOUNT SHALL BE FILED
WITH THE REGISTRAR WITHIN 30 DAYS AFTER ANNUAL
GENERAL MEETING.
STATUTORY BOOKS
Following statutory books are required to be maintained by
a company:
1. Register of charges (section 143)
2. Register of members (section 150)
3. Index of members (section 151)
4. Register of debenture holders with index (section 152)
5. Copies of annual returns (section 163)
6. Minute books – to record the proceeding of the general
meetings and of the meetings of the board and its
committees (section 193)
7. Register of contracts with companies (section 301)
8. Register of directors, managing director, manager and
secretary (section 303)
9. Register of directors shareholdings (section 307)
10.Register of investments in shares and debentures of bodies
corporate (section 372)
11.Register of loans made to other companies under the same
management (section 370)
12. Director’s attendance book (regulation 71 of Table A)
 FORM OF BALANCE SHEET
Note No. Figures as Figures as at
Particulars at the end the end of
current the previous
reporting
reporting period
period

EQUITY AND LIABILITIES

(1)Shareholders funds
(a)Share capital
(b)Reserves and surplus
(c)Money received against share
warrants

(2)Share application money pending

allotment
(3)Non-current liabilities
(a)Long-term borrowings
(b)Deferred tax liabilities(Net)
(c)Other Long term liabilities
(d)Long-term provisions

(4)Current liabilities
(a)Short-term borrowings
(b)Trade payables
(c)Other current liabilities
(d)Short-term provisions

TOTAL
ll.ASSETS
Non –current assets
(1)(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work in progress
(iv)Intangible assets under
development
(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long-term loans and advance
(e) Other non-current assets
(2) Current assets
(a) Current investments
(b)Inventories
(c)Trade receivables
(d)Cash and cash
equivalents
(e)Short-term loans and
advances
(f)Other current assets

TOTAL
GENERAL INSTRUCTIONS FOR
PREPARATION OF BALANCE SHEET
1.An asset shall be classified as current when it satisfies any of
the following criteria:
(a)It is expected to be realized in,or is intended for sale or
consumption in the company normal operating cycle.
(b)It is held primarily for the purpose of being traded
(c)It is expected to be realized within twelve months after the
reporting ;
(d)It is cash and cash equivalent.
2.An operating cycle is the time between the acquisition of assets
for processing and their realization in cash or cash equivalents.
3.A liability shall be classified as current when it satisfies any of
the fallowing criteria:
(a)It is expected to be settled in the company
(b)It is held primarily for the purpose of being traded.
(c)It is due to be settled within twelve after the reporting report.
4.A receivable shall be classified as a ‘trade receivable’ of it is in
respect of the amount due
5.A payable shall be classified as a ‘trade payable’ if it is in of the
amount due.
6.A company shall disclose the following notes to accounts:
A. SHARE CAPITAL

(a) The number and amount of shares authorised

(b)The number of shares ussued,subscribed and fully paid and

subscribed but not fully paid.
(c)Par value per shre
(d)A reconciliation of the number of shares outstanding at the
beginning and at the end of the reporting period.
(e) Shares in the company held by each shareholder holding more
than 5% shares specfiying the number of shares held.
(f)Calls unpaid and forfeited shares.
B.RESERVES AND SURPLUS
(i)Reserves and surplus shall be classified as
(a)Capital reserve
(b)Capital redemption reserve
(c)Securities premium reserve
(d)Debenture redemption reserve
(e)Revaluation Reserve
(ii)Debit balance of statement of profit and loss shall be shown as a
negative figure under the head ‘Surplus’. Similarly the balance of
reserve and surplus after adjusting negative balance of surplus
shall shown under the head ‘Reserve and surplus’.
C.Long –Term Borrowings
(i)Long term borrowings shall be classified as:
(a)Bonds/debentures
(b)Term loan from bank
(c)Deferred payment liabilities
(d)Deposits etc
(ii)Borrowings shall further be sub classified as secured and
unsecured.
(iii)Where loans have been guaranteed by directors, the aggregate
amount of such ;loans under each head shall be disclosed.
(iv)Particulars of any redeemed bonds/debentures which the company
has power to reissue shall be disclosed.
(v)Terms of repayment of term loans and other loans shall be stated.
D. Other long term liabilities
(a)Trade payable
(b)Others
E . Long –term provisions
(a)Provision for employee benefits
(b)Others
F . Short-term borrowings
(i)Short-term borrowings shall be classified as;
(a)Loans repayable on demand from banks
(b)Loans and advances from related parties
(c)Deposits
(d)Other loans and advances
(ii)Borrowings shall further classified as secured and unsecured.
(iii)Period and amount of default as on the balance sheet date in
repayment of loans and interest shall be specified separately in
each case.
G. Other current liabilities
(a)Current maturities of long-term debt
(b)Current ,maturities of finance lease obligations
(c)Interest accrued but not due on borrowings
(d)Interest accrued but due on borrowing
(e)Unpaid dividends
(h)Unpaid matured deposits and interest accured thereon.
H. Short-term provisions
(a)Provision for employee benefits.
(b)Others
I . Tangible assets
(I)Classification shall be given as :
(a)Land
(b)Buildings
(c)Plant and equipment
(d)Furniture and Fixtures
(ii)Assets under lease shall be separately specified under each
class of asset
(iii)A reconciliation and end of the reporting period showing
additions, disposals, acquisitions through business combinations.
(iv)Where sums have been written off on a reduction of capital or
revaluation of assets or where sums have been added on
revaluation of assets ,every balance sheet subsequent to date of
such written-off.
J.Intangible assets
(a)Goodwill
(b)Brands/Trademarks
(c)Computer software
(d)Mining rights
(ii)A reconciliation of the gross and net carrying amounts of each
class of assets at the beginning and at the end of the reporting
period showing additions ,disposals,acquisitiuons through
business combinations and other adjustments and the related
amortization and impairent losses/reveeeersals shall be
disclosed separately.
K. Non-current investments
(a)Investment property
(b)Investment in Equity Instruments
(c)Investment in preference shares
(d)Investment in Government
(e)Investment in mutual funds
(ii) Investments carried at other than at cost should be separately
stated.
(iii)Following shall also be disclosed:
(a)Aggregate amount of quoted investments and market value
(b)Aggregate amount of unquoted investments
(c)Aggregate provision for diminution in value investments.

L.Long-term loans and advances

(i)Long- term loans and advances shall be classified as:
(a)Capital Advances
(b)Security Deposits
(c)Loans and advances
(ii)The above shall also be separately sub-classified as:
(a)Secured, considered goods
(b) Unsecured, considered goods
(c) doubtful.
(iii) Allowance for bad and doubtful loans and advances shall be
disclosed under the relevant heads separtely.
M. Other non-current assets.
(i) long- term trade receivable (inculding trade receivable on deferred
credit terms)
(ii) others (specify nature)

(iii) long –term trade receivable , shall be sub-classified as:

(i) (a) secured, considered goods

(b) unsecured, considered goods
(c) doubtful
(ii) allowance for bad and doubtful debts shall be disclosed under
the relevant heads separtely.
N. Current investments
(i)Current investment shall be classified as;
(a) investments in equity instruments;
(b) investments in preference shares;
(c) investments in government or trust securities;
(d) investments in debentures or bonds;
(e) investments in mutual funds
(f) investments in partnership firm;
(g) other investments (specify nature);
(ii) Following shall be disclosed;
(a) the basis of valuation of individual investments;
(b) aggregate amount of quoted investments and market value
thereof;
(c) Aggregate amount of unquoted investments;
(d) aggregate provision made for diminution in value of
investments;
O. Inventories
(i) Inventories shall be classified as;
(a) raw material;
(b) work-in progress;
(c) finished goods;
(d) stock-in trade ( in respect of goods acquired for trading);
(e) stores and spares;
(f) loose tools;
(g) others( specify nature);
(ii) goods-in transit shall be disclosed under the relevant sub-
head of inventories
(iii) Mode of valuation shall be stated.
P. Trade receivable
(i) Aggregate amount of trade receivable outstanding for a period
exceeding six months from the date they are due for payments
should be separately stated.
(ii) trade receivable shall be sub-classified as;

(a) Secured , considered goods;

(b) unsecured, considered goods;

(c) doubtful;

(iii) Allowance for bad and doubtful debts shall be disclosed

under the relevant heads separately;
Q. Cash and cash equivalents
(i) Cash and cash equivalents shall be classified:
R. Short-term loans and advances
(i) Short –term loans and advances shall be classified as:
(a)Loans and advances to related parties
(b)Others
(ii)The above shall also be sub-classified as:
(a)Secured, considered good;
(b)Unsecured
(c)Doubtful
(iii)Allowance for bad and doubtful loans and advances shall be
disclosed under the relevant heads separately.
S. Other current assets
This is an all-inclusive heading, incorporates current assets
that do not fit into any other asset categories.
T. Contingent liabilities
(i)Contingent liabilities shall be classified as:
(a)Claims against the company not acknowledged as debt;
(b) Guarantees;
(c)Other money for which the company is contingently liable
U. The amount of dividends proposed to be distributed to equity
and preference shareholders for the period and the related
amount per share shall be disclosed separately.
V. Where in respect of an issue of securities made for a specific
purpose, the whole or part of the amount has not been used for
the specific purpose at the balance sheet date, there shall be
indicated by way of note how much unutilized amounts have
been used or invested.
W. If, in the opinion of the board any of the assets other than
fixed assets and non-current investments do not have a value
on realization in the ordinary course of business at least equal
to the amount at which they are stated.
 FORM OF STATEMENT OF PROFIT
AND LOSS
Note Figures for Figures for
Particulars No. the current the previous
reporting reporting
period period

l. Revenue from operations xxx xxx

ll Other income xxx xxx
lll Total Revenue (I +II ) xxx xxx
lV
Expenses:
xxx xxx
Cost of materials consumed xxx xxx
Purchases of stock in trade xxx xxx
Changes in inventories of finished
goods work in progress and stock in
trade
Employee benefit expense
Finance costs
 Depreciation and amortization expense
Other expenses
Total expenses

V Profit before exceptional and extraordinary XXX XXX

items and tax (lll –IV)
XXX XXX
Vl Exceptional items

Vll Profit before extraordinary items and tax XXX XXX

(V- Vl)

Vlll Extraordinary items XXX XXX

lX Profit before tax (Vll –Vlll) XXX XXX

X Tax expense:
(1)Current tax xxx xxx
(2)Deferred tax xxx xxx
Xl Profit (Loss) for the period from xxx xxx
continuing operations (Vl-Vll)
Profit/(loss) from discontinuing
Xll operations xxx xxx
Tax expense of discontinuing
Xlll operations xxx xxx
Profit/(loss) from Discontinuing
XlV operations (after tax) (Xll-Xll) xxx xxx
Profit(loss) for the period (Xl +XlV)
Earning per equity share:
XV (1)Basic xxx xxx
(2) Diluted
XVl
xxx xxx
xxx xxx
 GENERAL INSTRUCTIONS FOR
PREPARATION OF PROFIT AND LOSS
1.The provisions of this part shall apply to the income and
expenditure account referred to in sub-section (2) of
section 210 of the Act, in like manner as they apply to a
statement of profit and loss.
2. (A) In respect of a company other than a finance company
revenue from operations shall disclose separately in the
notes revenue from
(a) sale of products
(b) sale of services
(c) other operating revenues
Less:
(d) Excise duty
3.FINANCE COSTS
Finance costs shall classified as:
(a)Interest expense;
(b)Other borrowing costs;
(c)Applicable net gain/loss
4.Other income
Other income shall be classified as:
(a)Interest Income
(b)Dividend Income
(c)Net gain/loss on sale of investments
(d)Other non –operating income
5.Additional Information
A company shall disclose by way of notes additional
information regarding aggregate expenditure and income
on the following items:
(a) Employee benefit expense such as salaries and
wages ,expense on employee stock option scheme etc.
(b)Depreciation and amortization expense
(c)Interest Income
(d)Dividend Income
(e)Net gain or loss on foreign currency transaction and
translation
(f)Details of items of exceptional and extraordinary nature
(g)Prior period items.
(iv) (a) The aggregate if material of any amounts set aside or
proposed to be set aside to reserve but not including
provisions made to meet any specific liability, contingency
or commitment known to exist at the date as to which the
balance sheet is made up.
(b)The aggregate if material of any amounts withdrawn from
such reserves.
(v) (a)The aggregate if material of the amounts set aside to
provisions made for meeting specific
liabilities ,contingencies or commitments.
(b) The aggregate if material of the amounts withdrawn
from such provisions as no longer required.
(vi)Expenditure incurred on each of the following items,
separately for each item:
(a)Consumption of stores and spares parts.
(b)Power and fuel
(c)Rent
(d)Repairs to buildings and machinery
(e)Insurance etc.
(vii)(a)Dividends from subsidiary companies.
(b)Provisions for losses of
subsidiary companies.
(viii)The profit and loss account shall also contain by way
of a note the following information namely,
(a)Value of imports calculated on C.I.F. basis by the
company during the financial year in respect of-
I. Raw materials
II.Components and spare parts;
III.Capital goods;
(b)Expenditure in foreign currency during the financial;
year on account of royalty ,know -how,professional and
consulation fees,interest,and other matters.
(c)Earnings in foreign exchange classified under the
following heads,namely;
I. Export of goods calculated on F.O.B.basis;
II.Royalty,Know-how,professional and consulation fees.
III.Interest and dividend
Following is the trial balance of lakshmi co, ltd as on
31st ,march,2012
Rs. Rs.
1.stock,31st march,2011 75000
2. sales
3. purchases 350000
4. wages 245000
5. discount 50000
6. furniture and fitting 5000
7. salaries 17000
8. rent
9. sundry expenses 7500
10. surplus account 31, 4950
march,2011 7050
11. dividend paid 15030
12. share capital
13. debtors and creditors 9000
100000
37500 17500
14.Plant and machinery 29000
15.Cash and bank
16.Reserve 16200
17. Patents and trade 15500
mark 4830

503000 503000
Prepare statement of profit and loss for the year ended 31st
march,2012 and balance sheet as that date. Take into
consideration the following adjustments:
(i) Stock on 31st march,2012 was valued at rs, 82000

(ii) depreciation on fixed assets @10%

(iii) make a provision for income-tax @50%

(iv) ignore corporate dividend tax.

 lakshmi co. ltd
statement of profit and loss
for the year ending 31march,2012
Note Year ending Year ending
No. 31-3-2012 Rs. 31-3-2011
in ‘000 Rs.in ‘000

(i)Revenue from operation 350.000

(sales) 5.000
(ii) other income(discount) 355.000
(iii) total revenue(I+II)
(iv) expenses;
Purchases
Change in inventories of finished
goods
closing stock 82000
operating stock 75000
7000 238.000

Employee benefits expenses 1 57.500

Finance cost Nil
Depreciation and amortization
expenses 2 5.083
Other expenses
Total expenses 3 12.000
V. Profit before tax(III-IV) 312.583
VI. Tax Expenses (provision for
tax) 42.417
VII. Profit after tax(V-VII) 21.209

21.208
ACCOMPANYING NOTES TO THE
STATEMENT OF PROFIT AND LOSS
1.Employee Benefit Expense
Year ending Year ending
31-3-2012 31-3-2011
50.000
7.500
Wages 57.500
Salaries
2. Depreciation and Amortisation Expense
Year ending Year ending
31-3-2012 31-3-2011

Depreciation on plant and 2.900

machinery
Depreciation on Patents and Trade 0.483
marks
Depreciation on Furniture and 1.700
fittings
5.083
3.Other Expenses

Year ending Year ending 31-

31-3-2012 3-2011

Rent 4.950
Sundry Expenses 7.050
12.000
 Note Figures as at Figures as
No. 31-3-2012 at 31-3-
2011

I.Equity and liabilities

(1) Shareholders Fund A 100.000
(a) Share Capital
(b) Reserves and Surplus B 42.738
Total 142.738
(2) Current liabilities
Trade Payables (creditors) 17.500
Short-term Provisions 21.209
Total 38.709
Total of Equity and Liabilities
(1)+(2) 181.447
 Figures as at
31-3-2012

II.ASSETS
Non-Current Assets
Fixed Assets
(i) Tangible Assets 41.400
(ii) Intangible Assets
Total Fixed Assets 4.347
45.747
Current Assets
Inventories
Trade Receivables(Debtors) 82.000
Cash and Cash Equivalents 37.500
16.200
135.700
Total of all Assets
181.447
ACCOMPANYING NOTES TO THE
BALANCE SHEET
A. Share Capital

31-3-2012 31-3-2011

Paid –up Capital :

10,000 Equity Shares of Rs.10 each, 100.000
fully paid up
B. Reserves and Surplus

31-3-2012 31-3-2011

Reserve 15.500
Surplus Account :
As at 1-4-2011 15.030
Profit for the year 21.208
Less:Dividend 9.000
12.208
27.238

42.738
 H.Short –term Provisions
31-3-2012 31-3-2011

Provision for Taxation 21.209

I. Tangible Assets
31-3-2012 31-3-2011

Plant and Machinery (at cost

assumed) 29.000 26.100
Less: Depreciation 2.900

Furniture and fittings (at cost

assumed) 17.000 15.300
Less: Depreciation 1.700
41.400
J. Intangible Assets

31-3-2012 31-3-2011

Patents and Trade Marks (At Cost

assumed) 4.830 4.347
Less: Depreciation 0.483
O.Inventories
31-3-2012 31-3-2011

Stock 82000
O.Inventories
31-3-2012 31-3-2011

Stock 82000
 P. Trade receivable

31-3-2012 31-3-2011

Debtors 37500
(less than 6
months assumed)
 cash and cash equivalents

31-3-2012 31-3-2011

Cash at bank 16200

DIVISIBLE PROFIT
The term “divisible profit” is a very complicated term
because all profits are not divisible profits. Only those
profits are divisible profits which are legally available
for dividend to shareholders. The Principles of
determination of the divisible profits are governed by
section 250 of the companies Act, which is reproduced
below :
1) No dividend shall be declared or paid by a company for
any financial year except out of the profits of the
company.
2) OR OUT OF PROFITS OF THE COMPANY FOR ANY
PREVIOUS FINANCIAL YEAR OR YEARS ARRIVED AT
AFTER PROVIDING FOR DEPRECIATION IN
ACCORDANCE WITH THOSE PROVISIONS AND
REMAINING UNDISTRIBUTED OR OUT OF BOTH OR UP
OF MONEYS PROVIDED BY THE CENTRAL
GOVERNMENT OR A STATE GOVERNMENT FOR THE
PAYMENT OF DIVIDEND IN PURSUANCE OF A
GUARANTEE GIVEN BY THE GOVERNMENT.
TRANSFER TO RESERVE
Changes in law, taking effect on 1st February, 1975,
authorize government to compel companies to transfer to
reserve a part of their after-tax profits (not exceeding
10%).The government have promulgated the following
rules relating to transfer to reserve:
1) No dividend shall be declared or paid by a company for
any financial year out of the profits of the company for
that year arrived at after providing for depreciation in
accordance with the provisions of sub section (2) of
section 205,
EXCEPT AFTER THE TRANSFER TO RESERVE OF THE
COMPANY A CERTAIN PERCENTAGE OF ITS PROFITS FOR
THAT YEAR AS SPECIFIED:
 Where the Dividend  Transfer to reserve
proposed
(i) exceeds10% but does not 2.5% of the current profits.
exceeds 12.5%

(ii) Exceeds 12.5% but des not

exceeds 15% 5% of the current profits.

(iii) Exceeds 15% but does not

exceeds 20% 7.5% of the current profits.

(iv) Exceeds 20% 10%of the current profits.

DECLARATION OF DIVIDEND OUT
OF RESERVE
Prior to February, 1, 1975, dividends could be declared
out f reserves or past profits as laid down in section 205.
newly introduced section 205(A)provides that, if a
company wants to use reserve or past profits for paying a
dividend, it will have to comply with following rules
framed by the central government :
(i) The rate of dividend declared shall not exceed the
average of the rates at which dividend was declared by it
in the five years immediately preceding that year or ten
year or 10% of paid up capital, whichever is less.
(ii) The balance of reserves after such withdrawal shall not
fall below 15% of its paid –up share capital.
 DIVIDENDS
Shareholders expect some return for the money invested by
them in the company. They get the return on their
investment in the form of dividends given to them for time
to time. Thus dividends are the profits f the company
distributed among the shareholders.

SOURCES OF DECLARING DEVIDEND

(i) Out of current profits
(ii) Out of past reserves
(iii) Out of money provided by the government. (section 123)
 TYPES OF DIVIDEND
 INTERIM DIVIDEND( before full earnings) : This
dividend is declared between two annual general meetings.
As per regulation 86 of Table A, the Board may from time
to time pay to the shareholders such interim dividends as
appear to it to be justified keeping in view profits of the
company.

 FINAL DIVIDEND : It is a dividend which is declared at

the annual general meeting of the shareholders and is
declared by the shareholders only on the recommendation
of the directors.
ACCOUNTING ENTRIES
RELATING TO DIVIDEND
 When the dividend is proposed by the directors:
Surplus A/c Dr.
To Proposed Dividend a/c
(Being dividend proposed by the directors)
 When the dividend recommended by the directors is passed by the
shareholders at the annual general meeting:
Proposed Dividend A/c Dr.
To Dividend a/c
To Income Tax a/c
(Being dividend proposed by the directors passed at the annual general
meeting of shareholders apportioned between net amount payable to
shareholders as dividend and income-tax on dividend deductible at
source)
CONT…
 On opening a separate Bank Account for the payment of
dividend:
Dividend Banking A/c Dr.
To Bank A/c
(Being the amount payable to the shareholders as dividend
transferred from the general bank a/c to dividend
Banking a/c)
 On payment of Dividends:

Dividend A/c Dr.

To dividend Banking A/c
(Being dividend paid)
CONT…
 When the amount of unpaid dividend is transferred to Unpaid
dividend A/c:
Unpaid Dividend A/c (with Bank) Dr.
To Dividend Banking A/c
(Being unpaid dividend transferred from Dividend Banking A/c to
Unpaid Dividend A/c opened with a scheduled bank as per
provisions of the law)
 If the unpaid dividend is not claimed by the shareholders within 3
years:
Dividend A/c Dr.
To Unpaid Dividend A/c
(Being amount of unpaid dividend not claimed for a period of three
years withdrawn from Unpaid Dividend A/c and deposited in
General Revenue A/c)