Assertion: The concept of "Debit what comes in, Credit what goes out" is applicable to both personal and real accounts.
Reason: Personal accounts represent individuals and artificial entities, while real accounts represent tangible and intangible assets.
1
Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
2
Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion
3
Assertion is true, but Reason is false.
4
Both Assertion and Reason are false.