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Given Below Are Two Statements, One Labelled As Assertion (A) And The Other Labelled As Reason - Bzziii.com

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) Assertion (A): Transfer to reserves is shown in P &
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Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) Assertion (A): Transfer to reserves is shown in P & L Appropriation A/c. Reason (R): Reserves are charge against the profits. In the context of the above statements, which one of the following is correct? Codes:

(A) (A) is correct, but (R) is wrong.
(B) Both (A) and (R) are correct.
(C) (A) is wrong, but (R) is correct.
(D) Both (A) and (R) are wrong.




(A) (A) is correct, but (R) is wrong.






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