Economics · Cost Accounting Basics
Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The basic objective of Cost Accounting is to ascertain the cost of a Cost Centre. Reason (R): The main objective of a Cost Centre is to reduce and control the cost of the centre. In the light of the above statements, choose the correct answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are false
- 2A is true but R is false✓
- 3Both A and R are True but R is not the correct explanation of A
- 4Both A and R are True and R is the correct explanation of A
Correct answer
A is true but R is false
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