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The claims against the company not acknowledged as debts are shown as
- ACurrent liabilities
- BLoans and advances
- CNotes to balance sheet
- DDirector's report
Correct answer: C
Discussion 1
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CCommunity
Notes to balance sheet
The claims against the company not acknowledged as debts are shown as notes to balance sheet. All claims which the company does not acknowledge as debts should be disclosed. Claims against the company by the labour union for additional wages, compensation, etc. come under this category.
The claims against the company not acknowledged as debts are shown as notes to balance sheet. All claims which the company does not acknowledge as debts should be disclosed. Claims against the company by the labour union for additional wages, compensation, etc. come under this category.