Question

Read the following statements.

Assertion:- When accounting records are not strictly maintained according to double entry system,

these records are called incomplete accounting records.

Reason:- Generally, cash account and the personal accounts of customers and creditors are

maintained fully and other accounts are maintained based on necessity.

(a) (A) and (R) both are correct and (R) is the correct reason for (A).

(b) (A) and (R) both are correct but (R) is not the correct reason for (A).

(c) (A) is correct but (R) is wrong

(d) (A) is wrong but (R) is correct.​

Answer 1

Answer:

(c) (A) is correct but (R) is wrong.