Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): Household financial records provide essential historical data required for effective family financial planning. Reason (R): A realistic monthly household budget is prepared on the basis of income records and past expenditure data. Choose the correct answer from the options below:

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Home Science · Family Finance and Budgeting

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both (A) and (R) are true and (R) is the correct explanation of (A)

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Answer 1

Both (A) and (R) are true and (R) is the correct explanation of (A)

Answer 2

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

Answer 3

(A) is true, but (R) is false

Answer 4

(A) is false, but (R) is true

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