| Assertion [A] : |
| Incorporation Expenses Account or Preliminary Expenses Account is to be opened when shares are issued to the promote? |
| Reason (R) : |
| A company may issue shares to its promoters for their services rendered to the company. |
| 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
