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Assertion: Financial statements are the basic sources of information to the shareholders and other external parties for understanding the profitability and financial position of any business concernReason: the primary objective of financial statements is to assist the users in their decision-making. a) Both A and R are correct b) A is correct, but R is wrong c) A is wrong, but R is correct d) Both A and R are wrong |
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Answer» Correct option is a) Both A and R are correct |
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