| Assertion : |
| Mastheads and Publishing Titles are shown in the Balance Sheet under the sub-head 'Fixed Intangible Assets'. |
| Reason (R) : |
| Mastheads and Publishing Titles are fixed asset which do not have physical existence and cannot be seen and touched. |
| 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: A
Solution :
Assertion and Reason both are correct and Reason is the correct explanation of assertion
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