English

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 - Accounts

Advertisements
Advertisements

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
Advertisements

Solution

(A) is incorrect but (R) is correct.

shaalaa.com
  Is there an error in this question or solution?
Chapter 11: Tools for Financial Analysis : Comparative Statements - OBJECTIVE TYPE QUESTIONS [Page 11.48]

APPEARS IN

D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 11 Tools for Financial Analysis : Comparative Statements
OBJECTIVE TYPE QUESTIONS | Q B. 7. | Page 11.48
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×