Given below are two statement, one labelled as Assertion (A) and the other as Reason (R)
Assertion (A): In accounting, a distinction is made between the business and the owner.
Reason (R): Accounting concepts are based on self-consciousness and not on subjectivity.
Select the correct answer

A. Both (A) and (R) are correct and (R) is the correct explanation for (A)

B. Both (A) and (R) are correct but (R) is not the correct explanation for (A)

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

D. Both (A) and (R) are incorrect

Answer: Option B