MCQ
Assertion (A): Accounting has a wider scope than book-keeping.
Reason (R): Book-keeping involves recording, classifying, summarizing and analysing the financial transactions.
  • A
    Both A and R are true and R is the correct explanation of A.
  • B
    Both A and R are true but R is not the correct explanation of A.
  • A is true but R is false.
  • D
    A is false but R is true.

Answer

Correct option: C.
A is true but R is false.
C
A is true but R is false.
Explanation:
A is true but R is false.
book keeping only involve recording part of accounting in the books of account. book keeping done by the junior staff in the organisation and classifying, summarizing and analysing are done by the senior staff.

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