| Directions: Each of the following questions consist? of two statements, one is Assertion (A) and the other is Reason (R). Give answer: |
| Assertion (A): Financial statement analysis is the process of analysis financial information in financial statements to understand and take economic decisions. |
| Reason (R): Determining operating efficiency and profitability is not an objective of financial analysis. |
A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.
Correct Answer: C
Solution :
[c]
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