Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? |
Assertion (A) The shareholders are liable to the extent of the amount paid to the shares held by them. |
Reason (R) Only the assets of the company can be used to settle the debts. |
A) Both A and R are true and R is the correct explanation of A
B) A is true, but R is false
C) Both A and R are false
D) Both A and R are true, but R is not the correct explanation of A
Correct Answer: D
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