Question : Assertion A: Premium Received on the issue of shares is credited to the Securities Premium Account.

 Reason R: Securities premium is a reserve hence, may be credited to the General Reserve.

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

Option 1: Asseration 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: Assertion A is not correct but Reason R is correct

Question : Assertion A: Premium Received on the issue of shares is credited to the Securities Premium Account.

 Reason R: Securities premium is a reserve hence, may be credited to the General Reserve.

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

Option 1: Asseration 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: Assertion A is not correct but Reason R is correct

Question : Assertion (A):  Shares cannot be allotted unless a minimum subscription is received.
Reason (R): SEBI has prescribed that a company issuing shares to the public cannot allot shares unless it receives a subscription of 90% of the shares issued.
In the context of the above two statements, which of the following is correct?

Option 1: Asseration 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: Assertion A is not correct but Reason R is correct

Question : Assertion (A):  Shares cannot be allotted unless a minimum subscription is received.
Reason (R): SEBI has prescribed that a company issuing shares to the public cannot allot shares unless it receives a subscription of 90% of the shares issued.
In the context of the above two statements, which of the following is correct?

Option 1: Asseration 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: Assertion A is not correct but Reason R is correct

Question : There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the prop rite option from the options given below
(A) Both Assertion (A) and Reason (R) are true, but Reason (R) is the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
(C) Assertion (A) is false, but Reason ( R ) is true.
(D) Assertion (A) is true, but Reason (R) is false.
Question:
Assertion (A): Received amount of securities premium will not debited to securities premium reserve account, on forfeiture of shares.
Reason (R): Received amount of securities premium will be debited while writing off of certain type of capital loss or expenditure.

Option 1: A

Option 2: B

Option 3: C

Option 4: D

Question : Assertion A :- Bonus shares are not shown in the Cash Flow Statement because cash is not transacted.
Reason R :- Issue of bonus shares will not involve cash.

Option 1: Assertion A and reason R are correct and reason R is the correct explanation of assertion A

Option 2: Assertion A and reason R are correct but reason R is not the correct explanation of Assertion A

Option 3: Both assertion A and reason R are not correct

Option 4: Assertion A is correct but the reason R is not correct