| Directions: Each of the following questions consist? of two statements, one is Assertion (A) and the other is Reason (R). Give answer: |
| Assertion (A): Vertical analysis is made to review and analysis financial statements for a number of years. |
| Reason (R): Vertical analysis is carried out at one particular point of time, generally when the accounts are closed. |
A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.
Correct Answer: D
Solution :
[d]
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