question_answer

Assertion [A] :

When financial statements of several years are compared against a chosen base year, it is called Dynamic Analysis.

Reason [R] :

Horizontal analysis is made to review and analyse the financial Statements for a number of years and it is also known as Time Series Analysis.

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