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.
(A)and (R)both are correct and (R) is an explanation of (A)
(A) is correct but (R) is not correct
(A) is not correct but (R) is correct
(A) and (R) both are incorrect