| Assertion [A] : |
| A portion of uncalled capital of a company to be called only in the event of winding up of the company, is known as Reserve Capital. |
| Reason (R) : |
| Company will call the uncalled capital on the due date except the Reserve Capital because It will not be called during the life time of the business. It will be called only the case of winding up. |
| Choose the Correct Option from the following: |
A) Assertion and Reason both are correct and Reason is the correct explanation of the assertion
B) Assertion and Reason both are correct but Reason is not correct explanation of assertion
C) Both Assertion and Reason are not correct
D) Only Assertion is correct
Correct Answer: A
Solution :
Assertion and Reason both are correct and Reason is the correct explanation of the assertion
You need to login to perform this action.
You will be redirected in
3 sec
