Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R): Assertion (A): Household accounts provide recorded data that serve as a foundation for family financial planning. Reason (R): A realistic monthly budget is prepared based on records of family income and past expenditures. Select the correct answer from the options given 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

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

Answer 2

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Answer 3

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

Answer 4

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