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easyMCQCUET Accountancy 2025 3 June Shift 22026Accountancy
1 mark

Which among the following items does not appear on the main face of the balance sheet of a company?

  1. A
    Reserve and Surplus
  2. B
    Share capital
  3. C
    Contingent Liabilities
  4. D
    Fixed assets

Solution & Step-by-step Explanation

Contingent Liabilities are not recognized inside the main columns/totals of a company's Balance Sheet because they represent potential liabilities whose occurrence depends on uncertain future events. Instead, they are disclosed separately under the "Notes to Accounts".

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Try it yourself before checking the explanation above.

Which among the following items does not appear on the main face of the balance sheet of a company?
A
Reserve and Surplus
B
Share capital
C
Contingent Liabilities
D
Fixed assets

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