Question : Ram is the personal manager of X limited company. He have been directed by the directors of the company to select a chartered accountant for the company. Which of the following process he will choose?
 

Option 1: Recruitment

Option 2: Selection

Option 3: Training

Option 4: None of the above

Question : Assertion A:- In many situations, the accountant has to make a choice out of alternatives available, e.g., choice in the method of inventory valuation, choice in the method of depreciation (straight line or written down value)

Reason R: - The subjectivity is inherent in personal judgment, the financial statements are, therefore, not free from bias. It is a limitation of financial statements.

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

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

Option 3: Both Assertion A is correct but the reason R is not correct

Option 4: Both Assertion A and reason R are not correct