Interview question

Sch VI part I of Cos. act says that Contingent liab should be given as a footnote to the Balance sheet. However in recent times many of the companys fin stat  will show that it in notes to accounts..

Nice question.

Contingent liability is write on Notes Accounts

i m agree with vinayak it must be written in notes accounts.

it is not in the balance sheet, shown below the balance sheet as foot note