question_answer

Assertion (A)

Whether partner's capital is fixed or fluctuating, withdrawal of capital will reduced the capital of that partner immediately.

Reason (R) :

Drawings against the anticipated profit will not reduce the capital immediately.

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

D) Reason is correct but Assertion is not correct