question_answer

Assertion (A) :

Commission payable to the partner on Sales ORon the net profit of the firm, will be shown in Profit and Loss Appropriation Account.

Reason (R) :

All appropriations are shown in the Profit and Loss Appropriation Account

Choose the Correct Option from the following;

A) Assertion and Reason both are correct and Reason is the correct explanation of assertion

B) Assertion and Reason both are correct but Reason is not correct explanation of assertion

C) Only Assertion is correct but Reason is not correct

D) Reason is correct but Assertion is not correct