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Question
Assertion (A): If a firm has no interest income in the year 2023 and ₹ 10,000 of interest income in the year 2024, the change will be 100%.
Reason (R): If other income is ₹ 20,000 in the year 2023 and Nil in the year 2024, the change will be (100%).
In the context of the above two statements, which of the following is correct?
Options
(A) and (R) both are correct.
(A) is incorrect but (R) is correct.
Both (A) and (R) are incorrect.
(A) is correct but (R) is incorrect.
MCQ
Assertion and Reasoning
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Solution
(A) is incorrect but (R) is correct.
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