Question

Assertion (A): The rules for Debit and Credit for liability and capital are the same. Reason (R): As per Business Entity Concept, business is separate & distinct from its owner (a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (b) Both Assertion (A) and Reason (R) are True and 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.​

Answer 1

Answer:

(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion

Explanation:

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