Answered

Read the following statement - Assertion (A) and Reason (R).

Assertion (A): Sale of one's ancestral house will not fit into the description of a business.
Reason (R): One single transaction of sale constitutes business.

Choose one of the correct alternatives given below:
(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.



Answer :

GinnyAnswer

Final answer:

The assertion and reason are true, but the reason does not correctly explain the assertion.


Explanation:

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

Assertion (A) states that the sale of one's ancestral house does not constitute a business, which is true as not all transactions fall under the business category.

On the other hand, Reason (R) claims that one single sale transaction forms a business, which is not entirely correct as a single transaction may not encompass the entirety of a business operation.


Learn more about Understanding business transactions here:

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