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Assertion (A): Depreciation is added to the net profit before tax. Reason (R): Depreciation is a non-cash item that is an expense. -

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Question

Assertion (A): Depreciation is added to the net profit before tax.

Reason (R): Depreciation is a non-cash item that is an expense.

Options

  • Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

  • Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

  • Assertion (A) is true, but Reason (R) is false. 

  • Assertion (A) is false, but Reason (R) is true.

MCQ

Solution

Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

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Preparation of Cash Flow Statement
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