Given below are two statement, one labelled as Assertion (A) and the other as Reason (R):
Assertion (A): Rationalisation refers to the reorganisation of relationship between the firms and industry.
Reason (R): Rationalisation seeks not merely to regulate the internal working of a firm but attempts to reorganise an industry on right lines.
Choose the correct answer from the options given below
A. Both (A) and (R) are true and (R) is correct explanation on (A)
B. Both (A) and (R) are true but (R) is not the correct explanation of (A)
C. (A) is true but (R) is false
D. (A) is false but (R) is true
Answer: Option A
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these

Join The Discussion