Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Basic accounting principles Corporate Accounting
Given below are two statements:
One is labelled as Assertion A and the other is labelled as Reason R.
Assertion ‘A’: When holding company holds more than 50% (but not whole) shares of a company, then the holders of the rest of shares will be known as "Minority".
Reason ‘R’: Minority interest is calculated by considering proportionate shares and reserves of Holding Company.
In the light of the above statements, choose the most appropriate answer from the options given below:
1
Both A and R are true and R is the correct explanation of A.
2
Both A and R are true but R is not the correct explanation of A.
3
A is true but R is false.
4
A is false but R is true.