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ASSERTION (A): it is right of the new partner on the firm’s Assets and Labilities REASON (R ): Old partners of the firm sacrifice some profit according to the new profit sharing ratio in favour of incoming partner. Choose the correct answer(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 |
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Answer» (c) Assertion (A) is true, but Reason ( R) is false |
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