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Question : Assertion A:- Window dressing refers to the presentation of a better financial position than what it actually is by manipulating the books of account. On account of such a situation, financial analysis may give false information to the users.

Reason R:- Analysis of financial statements is based on the information given in the financial statements. Hence, this analysis suffers from various limitations from which the financial statements

Option 1: Both Assertion A and reason R are correct but the reason R is not the correct explanation of Assertion A 

Option 2: Both Assertion A and reason R are correct but the reason R is the correct explanation of Assertion A

Option 3: Both Assertion A is correct but the reason R is not correct

Option 4: Both Assertion A and reason R are not correct


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Both Assertion A and reason R are correct but the reason R is not the correct explanation of Assertion A


Solution : Answer = Both Assertion A and reason R are correct but reason R is not the correct explanation of Assertion A

Window dressing refers to the presentation of a better financial position than what it actually is by manipulating the books of account. On account of such a situation, financial analysis may give false information to the users.
Hence, the correct option is 1.

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