Assertion (A): |
When Partners Capitals are fixed, balance of Current Account does not change when a partner introduces additional capital or some part of capital is withdrawn by him. |
Reason (R): |
Amount of capital and other appropriations are shown in the credit side of Partners Current Account. |
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
D) Reason is correct but Assertion is not correct
Correct Answer: C
Solution :
Only Assertion is correctYou need to login to perform this action.
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