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
Correct Answer: B
Solution : Answer = Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true because when shares are forfeited, the securities premium received on those shares is not debited to the securities premium reserve account.
Reason (R) is also true because the received amount of securities premium may be debited when writing off certain types of capital loss or expenditure. However, this reason does not provide a correct explanation for Assertion (A). Forfeiture of shares does not typically involve writing off capital loss or expenditure. Therefore, while both statements are true, Reason (R) does not correctly explain Assertion (A). Hence, the correct option is 2.
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
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): Equity shares do not carry a fixed rate of dividend and they are the ultimate risk bearer. Reason (R): Equity shareholders are getting dividends from the residual part of profits and in the case of the windup of the company, invested money will be refunded at the last.
Option 4: d
Question : Assertion (A): Complementary goods have joint demand. Reason (R): In order to fulfill a specific need, complementary commodities are simultaneously desired.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Option 2: Both Assertion (A) and Reason (R) are true and 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
Question : Assertion (A): Human capital formation is a stock concept. Reason (R): Variables that are measured at a specific time are referred to as stocks.
Option 4: Assertion (A) is False but Reason (R) is true.
Question : Assertion: Physical capital is tangible in nature Reason: Physical capital can be seen and touchable.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile