You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question
A Both Assertion and Reason are correct and Reason is the correct explanation for Assertion B Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion C Assertion is correct but Reason is incorrect D Both Assertion and Reason are incorrect
Solution
Verified by Toppr
Correct option is A. Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
Was this answer helpful?
Similar Questions
Q
1
The balance of sinking fund investment account after the realization of investment is transferred to:
View Solution
Q
2
When an account that normally has debit balance shows a credit balance, or vice-versa, it indicates ______________.
View Solution
Q
3
If Trial Balance shows excess credit, suspense account will show a debit balance.
View Solution
Q
4
Balance sheet shows the following :
Assets :
Investment RS1,00,000
adj: the investment were sold for 2,30,000
My question is what will the effect how to show it in
revaluation A/c
will it be shown in cash A/c
and what happens in balance sheet ? will we show no amount
View Solution
Q
5
Following is theinformation given in respect of certain items of a Sports Club. Showthese items in the Income and Expenditure Account and the BalanceSheet of the Club: Particulars Rs Sports Fund as on 1.4.2005 35,000 Sports Fund Investments 35,000 Interest on Sports Fund 4,000 Donations for Sports Fund 15,000 Sports Prizes awarded 10,000 Expenses on Sports Events 4,000 General Fund 80,000 General Fund Investments 80,000 Interest on General Fund Investments 8,000
View Solution
