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0. Choose the correct code for the following statements being correct or incorrect.Statement I: Punctuality and team spirit among employees of an organisation has great contribution in enhancing profits of the business but they do not appear as an asset in the balance sheet.Statement II: Financial statements do not reflect the correct financial position of a business.
Both the statements I and II are incorrect.
Both the statements I and II are correct.
Statement I is correct, but II is incorrect.
Statement I is incorrect, but II is correct.
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