Under which of the following head, Claims against the company not acknowledged as debt are shown?

Contingent Liabilities

The correct answer is option 3- Contingent Liabilities.

Claims against the company not acknowledged as debt are shown under Contingent Liabilities.

The claims against the company not acknowledged as debts are shown as notes to the balance sheet/contingent liabilities. All claims that 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.