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

Accountancy (Phase -I & II) Company Final Accounts

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

Current liabilities

Loans and advances

Notes to balance sheet

Director's report

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Explanation:

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.