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Accountancy Assertion and Reason.

Model Paper 5 · 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): The equity shareholders are paid dividend on the shares held by them. 
Reason (R): As the equity shareholders are the owners and dividend form their earning.
  • 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.
  • D
    A is false but R is true.
Answer
(a) Both A and R are true and R is the correct explanation of A.
Explanation:
The equity shareholders are given dividend as per the shares hold by them from the profit earned by the company as they get the ownership of the company to the extent of shares hold by them.
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MCQ 21 Mark
Assertion (A): Capital account of partners generally has a credit balance.
Reason (R): Current account has either a debit or credit balance.
  • 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.
  • D
    A is false but R is true.
Answer
(b) Both A and R are true but R is not the correct explanation of A.
Explanation:
The capital account of partners generally has a credit balance after all adjustments.
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Assertion and Reason. - Accountancy STD 12 Commerce Questions - Vidyadip