Q.
1
Assertion (A): Cash flow statement as per the financial statements as well is incapable in revealing the overall financial position of a firm.
Reasoning (R): Cash is an important constituent of the working capital based on the recorded facts only.
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A
(A)and (R)both are correct and (R) is an explanation of (A)
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B
(A) is correct but (R) is not correct
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C
(A) is not correct but (R) is correct
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D
(A) and (R) both are incorrect