Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).
Assertion (A) : Registration of partnership firm is compulsory.
Reason (R) : Registration of partnership firm provides many benefits like a partner can file a suit on other partners and a firm can also file a suit on its customer.
In the context of the above two statements, which of the following is correct ?
1
Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
2
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
3
Assertion (A) is true, but Reason (R) is false.
4
Assertion (A) is false, but Reason (R) is true.