Question

Assertion (A): Since financial analysis is strictly based upon financial statements, there is no scope of effect of personal ability and bias of analyst on such analysis.

Reason (R): Financial analysis suffers from personal ability and bias of analyst because analysis is based on financial statements.

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

Options

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

• Both (A) and (R) are correct but (R) is not the correct reason of (A).

• Only (R) is correct.

• Both (A) and (R) are wrong.

Answer 1

Only (R) is correct.