Q1731
Consider the following statements: Assertion (A): In double account system, the final accounts of a company fails to disclose the true condition of its assets. Reason (R): Because the assets of the company are shown at their cost price even when they are completely worn out. Now, select your answer:
A.
Both A and R are correct and R is the correct explanation of A
AnswerB.
Both A and R are correct but R is not the correct explanation of A
C.
A is true but R is false
D.
A is false but R is true
Answer: Option A
Solution
Answer: Option A
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