1.

ASSERTION (A) ; If the goodwill is not brought in cash, it can be adjusted only through the new partner’s capital account.REASON (R) : The adjustment will reduce the capital of the partner.(a) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A) (b) Both Assertion (A) and the reason (R) are true, but the reason (R ) is not the correct explanation of 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 (c) Assertion (A) is true, but Reason ( R) is false



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