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Commerce · Q1017

Accounting

Graduate and Post Graduate · Commerce · question 1017

Q1017

Assertion (A): Accounting information refers to only events concerned with a business firm. Reason (R): Accounting information is presented in financial statements.

A.
(A) is correct, but (R) is incorrect
B.
Both (A) and (R) are correct
Answer
C.
(A) is incorrect, but (R) is correct
D.
Both (A) and (R) are incorrect

Answer: Option B

Solution

Answer: Option B
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