Assertion: The frequency and period (unit of time) of preparing Cash flow projections is not fixed. Reasoning: The frequency and period (unit of time) of preparing Cash flow projections depends on the purpose for which the projection will be used. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.
Assertion (A) is true but Reasoning (R) is not correct.
Assertion (A) is not true but Reasoning (R) is correct. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. |