1.

ASSERTION (A): it is right of the new partner on the firm’s Assets and LabilitiesREASON (R ): Old partners of the firm sacrifice some profit according to the new profit sharing ratio in favour of incoming 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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