Question : Assertion A:- The cash flow statement and income statement are the same.
Reason R:- The cash flow statement does not show the profit and loss account.

Option 1: Assertion A and reason R are correct and reason R is 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

Question : Assertion (A): Cash Flow statement is a substitute for income statement.

Reason (R): Cash Flow Statement does not show Profit and Loss.

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

Option 1: Assertion (A) and Reson (R) are correct but the reason (R) is not the 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 the Reason (R) is correct

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

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

Question : Assertion A:- unclaimed dividend does not result in flow of cash
Reason: R It does not effect of the company since there is no payment of cash.

Option 1: Assertion A and reason R are correct and reason R is 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