Read the Assertion and Reasoning given and select the correct option
Assertion (A): Capital is treated as liability
Reasoning (R): Capital is treated as a liability due to money measurement concept.
1
both assertion (A) and reasoning (R ) are true and Reason (R ) is the correct explanation of Assertion (A)
2
Both Assertion (A) and Reason (R) are true and 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.