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Question
Assertion: Partner’s current accounts are opened when their capital is fluctuating.
Reasoning: In the case of fixed capital, all the transactions other than capital are done through the current account of the partner.
Options
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.
MCQ
Assertion and Reasoning
Solution
A is false but R is true.
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