Question : Assertion A: Issued share capital and subscribed share capital are always the same.

 Reason R: Subscribed capital is part of issued share capital. Thus it is always equal to the issued share capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A

Option 3: Only Assertion A is correct 

Option 4: Assertion A and Reason R are not correct

Question : Assertion (A): Partnership Deed is a legal document signed by all the partners.
Reason (R): Any type of charitable institution running as a not-for-profit organization will not be considered as a business.

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

Option 3: Assertion (A) is true but Reason (R) is false

Option 4: Assertion (A) is false but Reason (R) is true

Question : Assertion A: Sun Flower Ltd. issued 10,000 equity shares of Rs.10 each. It received the nominal face value of the shares except the first and final call of Rs.3 per share on 1000 shares. These 1,000 equity shares will be shown as subscribed but not fully paid up under subscription capital.

Reason R: The company has not received Rs.3 per share on 1000 equity shares. hence, these shares are not fully paid up. They will be shown as subscribed but not fully paid under-subscribed capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but the Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A 

Option 3: Only Assertion A is correct

Option 4: Both Assertion A  and Reason R are not correct .

Question : Assertion A: Sun Flower Ltd. issued 10,000 equity shares of Rs.10 each. It received the nominal face value of the shares except the first and final call of Rs.3 per share on 1000 shares. These 1,000 equity shares will be shown as subscribed but not fully paid up under subscription capital.

Reason R: The company has not received Rs.3 per share on 1000 equity shares. hence, these shares are not fully paid up. They will be shown as subscribed but not fully paid under-subscribed capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but the Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A 

Option 3: Only Assertion A is correct

Option 4: Both Assertion A  and Reason R are not correct .

Question : Assertion (A): The partners are the agents as well as principals of the firm.
Reason (R): Partnership is a business relationship among two or more persons to share profits and losses of the business carried on by all or any of them acting for all.

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

Option 3: Assertion (A) is true but Reason (R) is false

Option 4: Assertion (A) is false but Reason (R) is true