| Assertion [A] : |
| If Current Ratio is 2 : 1. Current maturity of long-term debts i.e. Redemption of debentures in the current year, will increase the Current Ratio. |
| Reason [R]: |
| Current assets will decrease and there is no impact on current liabilities. |
| 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
D) Reason is correct but Assertion is not correct
Correct Answer: C
Solution :
Only Assertion is correct
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