Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).Assertion (A): The reliability of ratios is dependent upon the correctness of the Financial Statements.Reason (R): Ratios are calculated from the Financial Statements.In the context of the above statements, which one of the following is correct?a)Both Assertion (A) and Reason (R) are true, and 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 true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?

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Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).
Assertion (A): The reliability of ratios is dependent upon the correctness of the Financial Statements.
Reason (R): Ratios are calculated from the Financial Statements.
In the context of the above statements, which one of the following is correct?

a)
Both Assertion (A) and Reason (R) are true, and 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 true, but Reason (R) is false.
d)
Assertion (A) is false, but Reason (R) is true.

Correct answer is option 'A'. Can you explain this answer?

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Test: Class 12 Accountancy: CBSE Sample Question Papers- Term I (2021-22)

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Given below are two statements, one labelled as Assertion (A) and the ...

If the Financial Statements are not true and fair, the analysis will give a false picture of the affairs of the business, e.g. if the closing stock is over-valued, not only the profitability will be overstated but the financial position will also not appear to be better. Thus, ratios are as accurate as financial statements are.

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Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).Assertion (A): The reliability of ratios is dependent upon the correctness of the Financial Statements.Reason (R): Ratios are calculated from the Financial Statements.In the context of the above statements, which one of the following is correct?a)Both Assertion (A) and Reason (R) are true, and 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 true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?

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Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).Assertion (A): The reliability of ratios is dependent upon the correctness of the Financial Statements.Reason (R): Ratios are calculated from the Financial Statements.In the context of the above statements, which one of the following is correct?a)Both Assertion (A) and Reason (R) are true, and 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 true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).Assertion (A): The reliability of ratios is dependent upon the correctness of the Financial Statements.Reason (R): Ratios are calculated from the Financial Statements.In the context of the above statements, which one of the following is correct?a)Both Assertion (A) and Reason (R) are true, and 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 true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).Assertion (A): The reliability of ratios is dependent upon the correctness of the Financial Statements.Reason (R): Ratios are calculated from the Financial Statements.In the context of the above statements, which one of the following is correct?a)Both Assertion (A) and Reason (R) are true, and 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 true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.

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