There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion (A):  Shares and debentures are not alike.
Reason (R):  Debentureholders are owners and shareholders are creditors of the company.

Assertion (A) is true but Reason (R) is false

The correct answer is option 3- Assertion (A) is true but Reason (R) is false.

Assertion (A):  Shares and debentures are not alike- This is True. Shares and debentures are two different types of financial instruments used by companies to raise capital, but they differ in various ways like return, risk etc. 

Reason (R):  Debentureholders are owners and shareholders are creditors of the company. This is False. This statement reverses the actual roles of debentureholders and shareholders.  A ‘share’ represents ownership of the company whereas a debenture is only acknowledgment of Debt. A share is a part of the owned capital whereas a debenture is a part of borrowed capital. Shareholders buy shares and thereby become owners of the company. They share in profits through dividends and have a say in company matters (voting rights). Debentureholders lend money to the company and receive interest in return. They are creditors, not owners. They receive interest payments, whether or not the company earns profit, and have no voting rights.

Thus, assertion is true but reason is false.