Q1159
Assertion (A) Increasing the value of closing inventory increases profit. Reason (R) Increasing the value of closing inventory reduces cost of goods sold.
A.
Both (A) and (R) are true
AnswerB.
(A) is true, but (R) is false
C.
(A) is false, but (R) is true
D.
Both (A) and (R) are false
Answer: Option A
Solution
Answer: Option A
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