| Assertion [A] : |
| Goods sold for Cash at cost price, will not increase the Gross Profit Ratio. |
| Reason [R] : |
| Revenue from operation will increase but closing inventory will decrease with the same amount. |
| 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) Only Reason is correct
Correct Answer: A
Solution :
Assertion and Reason both are correct and Reason is the correct explanation of assertion
You need to login to perform this action.
You will be redirected in
3 sec
