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Assertion (A): Advertisement suspense existing in Assets side of Balance Sheet should be debited to partners’ capital a/c. Reason (R): Advertisement suspense a/c is Accumulated profit. a. Both A and R are correct and R is the correct explanation of A. b. Both A and R are correct but R is not the correct explanation of A. c. A is correct but R is wrong d. A is wrong but R is correct. |
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Answer» c. A is correct but R is wrong |
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