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The claims against the company not acknowledged as debts are shown...

This question belongs to Commerce Accounting
Accounting
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The claims against the company not acknowledged as debts are shown as

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Correct Answer: Option C
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.
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Jatin
Jatin 4 years ago
Contingent liabilities
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