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Commerce · Q2331

Accounting

Graduate and Post Graduate · Commerce · question 2331

Q2331

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

A.
Both (A) and (R) are true and (R) is the correct explanation of (A)
B.
Both (A) and (R) are true and R is not the correct explanation of (A)
C.
(A) is true, but (R) is false
Answer
D.
(A) is false, but (R) is true

Answer: Option C

Solution

Answer: Option C
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