Question

Assertion (A)- There should be complete and understandable reporting on the financial statements of all significant information relating to the economic affairs of the entity. Reason (R) – Such disclosure of material information will result in better understanding of financial statements. * 1 point (a) Both (A) and (R) are true and (R) is the correct explanation of (A). (b) Both (A) and (R) are true and (R) is not the correct explanation of (A). (c) (A) is true, but (R) is false (d) (A) is false, but (R) is true​

Answer 1

Answer:

its option A both (A) and (R) are true and (R) is the correct explanation of (A)

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