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

A Current liabilities
B Loans and advances
C Notes to balance sheet
D Director's report

Correct Answer: 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.
Bissoy MCQ
#Commerce #Accounting

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