Question

39. Statement-I “Assets are future economic benefits, the rights which are owned or controlled by an organization or individuals." Statement-Il "Assets are valuable resources owned by a business which were acquired at a measurable money cost." (A) Both statements are true and Statement-Il is the correct explanation of statement- (B) Both statements are true but statement-ll is not the correct explanation of statement-1 (C) Statement-I is true, but statement-Il is false (D) Statement-Il is true, but statement-I is false.​

Answer 1

I think option (D) is correct