Are contingent liabilities on the balance sheet? 973 views 0 Blake 0 Comments Are contingent liabilities included as part of the balance sheet or are they just disclosed in the notes? What are the rules for disclosure of the contingent liabilities? 1 Answer ActiveVotedNewestOldest 0 Lloyd Posted 0 Comments Yes contingent liabilities will be in the liabilities section as long as the more probable than not to happen and they are measurable. Register or Login Search for: