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Assertion (A): Amount forfeited on Hari’s shares is Rs.1,20,000Reason (R): Profit on reissue of Hari’s shares is transferred to capital reserve.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.

Answer»

Correct option is (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)



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