If a company has contingent liabilities, they appear in the__________?

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Academy of PakistanTest & Learning

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55AccountingMedium

ADirectors‘ report

BBalance Sheet

CNotes on account to Balance Sheet

DChairman‘s report

Correct answer

C. Notes on account to Balance Sheet

Explanation

Notes on account to Balance Sheet is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

If a company has contingent liabilities, they appear in the__________? - Answer and Explanation | Academy of Pakistan