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 : Assertions A: Called-up capital means share capital called by the company on the subscribed shares.
Reason R: When a company issues shares on an amount that is receivable in installments, it calls upon the shareholders to pay the amount as called, thus it is the called-up capital.
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 : Assertions A: Called-up capital means share capital called by the company on the subscribed shares.
Reason R: When a company issues shares on an amount that is receivable in installments, it calls upon the shareholders to pay the amount as called, thus it is the called-up capital.
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): A company must receive a minimum subscription on the public issue of shares
Reason (R): In default to receive a minimum subscription, the company could not allot its shares

Option 1: A

Option 2: B

Option 3: C

Option 4: D