Q900
Assertion (A): Cash flow statement, as per the financial statements as well, is incapable of revealing the overall financial position of a firm. Reason (R): Cash is an important constituent of the working capital based on recorded facts only.
A.
Both (A) and (R) are correct, and (R) is the correct explanation of (A)
AnswerB.
(A) is correct, but (R) is incorrect
C.
(A) is incorrect, but (R) is correct
D.
Both (A) and (R) are incorrect
Answer: Option A
Solution
Answer: Option A
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