Contingent liabilities does not show in balance sheet rather it is provided in notes to financial statements as a note about contingent liability and detail etc.
contigent liability
Normally in balance sheet liabilities shown in left side of balance sheet but sides don’t matter much as sides can be change or in statement form of accounts there are actually no sided and balance sheet is prepared in statement form where assets comes first and then liabilities and equity.
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
In partnership balance sheet capital of all partners is shown while in corporate balance sheet capital of all share holders is shown.
Debtors is part of current asset and shown there in balance sheet.
contigent liability
Normally in balance sheet liabilities shown in left side of balance sheet but sides don’t matter much as sides can be change or in statement form of accounts there are actually no sided and balance sheet is prepared in statement form where assets comes first and then liabilities and equity.
EBIT is not show in balance sheet rather Earning after tax is shown in balance sheet.
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
In partnership balance sheet capital of all partners is shown while in corporate balance sheet capital of all share holders is shown.
Earning per share information is shown in income statement and not shown in balance sheet of business.
Extra ordinary gains is shown in income statement of the company and it is not shown in the balance sheet of the company.
Debtors is part of current asset and shown there in balance sheet.
sales are part of income statement and not shown in balance sheet.
prepayments are part of asset side of balance sheet and shown as current or other assets in balance sheet.
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
Finance lease is shown as an asset in asset side of balance sheet as well as shown as a liability under long term liability section of balance sheet.