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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 &
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.