Assertion (A): The management of working capital refers to the management of current assets and current liabilities.
Reason (R): The major thrust is on the management
of current assets; because current liabilities arise in the context of current assets.
A. Both (A) and (R) are incorrect
B. (A) is correct, but (R) is incorrect
C. Both (A) and (R) are correct
D. (A) is incorrect, but (R) is correct
Answer: Option C
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