Question

Assertion (A): Intra-firm analysis means comparing the financial data of the same firm for two or more accounting periods.

Reason (R): Inter-firm analysis means comparing the financial data of two or more enterprises for the same accounting period.

In the context of the above two statements, which of the following is correct?

Options

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

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

• Both (A) and (R) are false.

• (A) is false, but (R) is true.

Answer 1

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