Q.
1

Reason (R): Since share premium is not a trading profit, it is not distributed to shareholders.

 

 

  • A

    Both (A) and (R) are true but (R) is not the correct explanation of (A)

     

  • B

    (A) is false but (R) is correct.

     

  • C

    Both (A) and (R) are true and (R) is correct explanation of (A).

     

  • D

    (A) is correct but (R) is false