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Accountancy Assertion and Reason.

Model Paper 1 · CBSE STD 12 Commerce (CBSE - English Medium). 2 questions.

Questions

Assertion and Reason.

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2 questions · timed · auto-graded

MCQ 11 Mark
Assertion (A): Reserve Capital and Capital Reserve are the same.
Reason (R): Reserve Capital is a part of Subscribed Capital which the Company may decide to call at the time of winding up of the Company.
  • 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.
  • C
    A is true but R is false.
  • ✓
    A is false but R is true.
Answer
Correct option: D.
A is false but R is true.
(d) A is false but R is true.
Explanation:
A is false but R is true.
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MCQ 21 Mark
Assertion (A): A minor cannot be admitted in a firm as a partner.
Reason (R): A minor can participate in the profits of a firm.
  • ✓
    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
  • C
    A is true but R is false.
  • D
    A is false but R is true.
Answer
Correct option: A.
Both A and R are true and R is the correct explanation of A.
(a) Both A and R are true and R is the correct explanation of A.
Explanation:
Both A and R are true and R is the correct explanation of A.
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Assertion and Reason. - Accountancy STD 12 Commerce Questions - Vidyadip