Assertion (A): Premium on Redemption of Debentures is a Personal Account. Reason (R): It appears under the head ‘Non-Current Liabilities’ under subhead ‘Other Long-term Liabilities.’ In the context of the above two statements, which of the following is correct?

Question

KollegeApply · Accepted Answer

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

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