question_answer

Assertion (A) :

When partners capitals are fluctuating, Salary of a partner should be shown in the credit side of Partner's Capital Account.

Reason (R) :

All Appropriations are shown in the credit side of Partners Capital Account irrespective of capitals are fixed or fluctuating.

Choose the Correct Option from the following:

A) Assertion and Reason both are correct and Reason is the correct explanation of assertion

B) Assertion and Reason both are correct but Reason is not correct explanation of assertion

C) Only Assertion is correct but Reason is not correct

D) Reason is correct but Assertion is not correct