Question :

Assertion:- Cash Flow Statement shows inflow and outflow of Cash and Cash Equivalents under Operating, Investing, and Financing Activities of a company during a specified period.

Reason (R): The cash Flow Statement traces the Flow of Cash and Cash Equivalents into and out of the business during an accounting period under Operating, Investing, and Financing Activities.

In the context of the 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: Assertion (A) is correct but the Reason (R) is not correct

Option 4: Both, Assertion (A) and Reason (R) are in incorrect

Question :

Assertion (A): Income and Expenditure Account is akin to Profit and Loss Account.
Reason (R): The Not-for-Profit Organisations are not required to prepare financial statements at the end of the each accounting period.

Option 1:

Both Assertion (A) and Reason (R) are true and (A) is correct explanation of Reason (R)

Option 2:

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

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

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

Question :

Assertion (A): NPO do not maintain any capital account. Instead they maintain capital fund which is also called general fund that goes on accumulating received from year to year.
Reason (R): The capitalised items like legacies, entrance fees and life membership fees directly added to the capital fund.

Option 1:

Both Assertion (A) and Reason (R) are true and (R) is correct explanation of Reason (A)

Option 2:

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

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

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

Question :

Pituitary gland is situatied in
 

Option 1:

The base of the heart

Option 2:

The base of the brain

Option 3:

The neck

Option 4: The abdomen

Question :

Milk is not considered a balanced diet now-a-days because of the absence of  :

Option 1:

Magnesium and vitamin D

Option 2:

Iron and viramin C

Option 3:

Calcium and vitamin C

Option 4: Iron and vitamin A

Question :

Assertion (A): Dissolution of partnership is different from the dissolution of the Partnership firm.
Reason (R): Dissolution of partnership doesn’t dissolve the firm but the firm is dissolved in the partnership firm.

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