Assertion (A) : Fixed Capital Accounts of a partner never shows a debit balance inspite of regular and consistent losses year after year. Reason (R) : When Capital Accounts are fixed , losses are recorded in Partners’ Current Account. a) Both A and R are true and R is the correct explanation of A b) Both A and R are true and R is not the correct explanation of A c) A is true , but R is false d) A is false , but R is true

Assertion (A) : Fixed Capital Accounts of a partner never shows a debi

1.	Assertion (A) : Fixed Capital Accounts of a partner never shows a debit balance inspite of regular and consistent losses year after year. Reason (R) : When Capital Accounts are fixed , losses are recorded in Partners’ Current Account. a) Both A and R are true and R is the correct explanation of A b) Both A and R are true and 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» b) Both A and R are true and R is not the correct explanation of A

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