1.

Assertion (A): Increase in Accrued Income is Credited to Revaluation Account. Reason (R): Accrued Income is a liability. a) Both Assertion and Reason are correct b) Both Assertion and Reason are incorrect c) Assertion is correct but Reason is wrong d) Assertion is wrong but Reason is correct

Answer»

Correct option is c) Assertion is correct but Reason is wrong



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