Financial and Management Accounting

1: Assertion (A). The fixed assets in the balance sheet of a limited company are required to be shown at cost less depreciation. Reason (R). The balance sheet and profit and loss account are to disclose a true and fair view.

A.	Both A and R are true and R is the correct explanation of A.
B.	Both A and R are true but R is not a correct explanation of A.
C.	A is true but R is false
D.	A is false but R is true.
	Answer : A Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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Financial and Management Accounting

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