Financial Accounting

1: Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty.
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 : D

Explanation :

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Option: A

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