Vidyalelo
Commerce · Q2022

Accounting

Graduate and Post Graduate · Commerce · question 2022

Q2022

Consider the following statements: Assertion (A): Every shareholder has a right to receive a share-certificate from the company whose shares he has purchased. Reason (R): Share-certificate is a conclusive evidence of the title of the person to the shares which are written in his name in the certificate. Now select your answer:

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

Answer: Option A

Solution

Answer: Option A
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