Assertion and Reason Type Questions of Class 12 Accountancy Fundamentals of Partnership

 Assertion and Reasoning Based Questions:

 In each of the questions given below, there are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below:

A.  Both A and R are true and R is the correct explanation of A.

B.  Both A and R are true but R is not the correct explanation of A. 

C. A is true but R is false. 

D. A is false but R is true. 

Both A and R are false. 

 Fundamentals of Partnership 

1.  Assertion: Maximum number of partners in a partnership firm is 50. 

Reason: Maximum number of partners in a partnership firm is prescribed in Indian Partnership Act, 1932. 

2. Assertion: It is compulsory to have partnership deed in partnership business.

Reason: Partnership deed is a written agreement among partners which helps in settling disputes among them.

3. Assertion: Interest on partners' loan is to be paid whether the company is in profit or loss. 

Reason: Interest on partners' loan is an appropriation of profits. 

4. Assertion: Manager's commission is recorded on the debit side of Profit and Loss Account. 

Reason: Manager's commission is a charge against profits. 

5. Assertion : Rent paid to partner is credited to partners' capital account. 

Reason :Rent is payable to partner when he/she lets the firm use his/her personal property for business. 

6. Assertion : Salary allowed to a partner is shown in Profit and Loss Appropriation A/c. 

Reason : Salary is allowed to a partner only when there is a provision for the same in the partnership deed.  (CBSE 2022)

Try the above questions ⬆️ (Assertion and reason type) and share your answers. You can find out the correct answers in the comment section. 

 Assertion and Reason Type Questions on Business Environment | Business Studies Class 12

Assertion and Reasoning Based Questions:

In each of the questions given below, there are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below:

A. Both A and R are true and R is the correct explanation of A.

B. Both A and R are true but R is not the correct explanation of A.

C. A is true but R is false.

D. A is false but R is true.

E. Both A and R are false.

1. Assertion: Business environment differs from region to region.

Reason: Business environment is relative. 

2. Assertion: Business environment keeps on changing. 

Reason: Business environment is relative. 

3. Assertion: Specific forces affect the whole industry and affect an individual firm indirectly.

Reason: Specific forces include customers, suppliers, investors etc.

4. Assertion: Business Environment is complex.

Reason: It is relatively easier to understand in its totality but difficult to grasp in parts. 

5. Assertion: Understanding of the business environment helps the firm in getting a first mover advantage.

Reason: Understanding the business environment helps in adapting to the changes taking place. 

6. Assertion: Understanding of the business environment helps the firm in getting early warning signals.

Reason: Understanding of the business environment helps the firm in identification of threats. 

Try the above questions ⬆️ (Assertion and reason type) and share your answers. You can find out the correct answers in the comment section. 

Assertion and Reason Type Questions on Principles of Management | Chapter - 2 Class 12 Business Studies

 Principles of Management

Try the following questions (Assertion and reason type) and share your answers. You can find out the correct answers in the comment section. 

In each of the questions given below, there are two statements marked as Assertion (A) and Reason (R). Mark your answers as per the codes provided below:

A. Both A and R are true and R is the correct explanation of A.

B. Both A and R are true but R is not the correct explanation of A.

C. A is true but R is false.

D. A is false but R is true.

E. Both A and R are false.

1. Assertion: If the principle of unity of command is not followed, employees may get confused. 

Reason: Unity of command refers to multiple commands received by a subordinate at a time. 

2. Assertion: Principles of management can be modified as per the situation.

Reason: Principles of management are universally applicable. 

3. Assertion: Principles of management are general guidelines.

Reason: Principles of management provide readymade solutions to all managerial problems. 

4. Assertion: Principles of management focuses on blind faith and intuition. 

Reason: Principles of management guides in making scientific decisions. 

5. Assertion: Division of work leads to specialisation.

Reason: In the principle of division of work, Henri Fayol has suggested division of work in a random way. 

6. Assertion: In principle of centralisation and decentralisation, Henri Fayol has suggested complete centralisation in all types of organisations. 

Reason: Centralisation means dispersal of decision making authority. 

7. Assertion: Employees should be frequently transferred from one place to another so that they can gain more exposure. 

Reasoning: Henri Fayol has given the principle of instability of personnel. 

8. Assertion: Functional foremanship violates the principle of unity of command.

Reason: Taylor has suggested functional foremanship through eight persons

9. Assertion: Differential piece wage system is used to motivate both efficient as well as inefficient workers. 

Reason: Under differential piece wage system, Taylor has suggested that there should be no discrimination in the wages of efficient workers and inefficient workers. 

10. Assertion: Fatigue study is a very helpful technique for checking the movements of the workers 

Reason: With the technique of fatigue study, Taylor wanted to emphasise that rest is more important than work. 

Assertion and Reason Based Questions | Class 12 Business Studies Chapter 1 Nature and Significance of Management

Assertion and Reason Based Questions

Class 12 Business Studies

Try the following questions (Assertion and reason type) and share your answers. You can find out the correct answers in the comment section.

Nature and Significance of Management

In each of the questions given below, there are two statements marked as Assertion (A) and Reason (R). Mark your answers as per the codes provided below:

1. Both A and R are true and R is the correct explanation of A.

2. Both A and R are true but R is not the correct explanation of A.

3. A is true but R is false.

4. A is false but R is true.

5. Both A and R are false.

Nature and Significance of Management

1. Assertion: Management is needed in all types of organisations.

Reason: Management is an intangible force. 

2. Assertion: Management is called an inexact science.

Reason: Management deals with human beings whose behaviour can not be predicted with 100 percent accuracy. 

3. Assertion: Management is pervasive. 

Reason: Management is required only for profit organisations.

4. Assertion: Management helps in the development of the society.

Reason: Management aims at survival and growth of the organisation. 

5. Assertion: Management can not be touched or seen but its effect can be felt in how an organisation works. 

Reason: Management is a tangible force. 

6. Assertion: There is no restricted entry in management.

Reason: Only a person with MBA degree can can become a manager. 

7. Assertion: Management is an art.

Reason: All the features of art are present in management. 

8. Assertion: Management is a full fledged profession. 

Reason: All the features of the profession are present in management. 

9. Assertion: Coordination helps in specialisation.  

Reason: Coordination helps in reducing conflicts among various departments. 

10. Assertion: Responsibility of coordination lies only with the top level managers.

Reason: Coordination is the responsibility of all levels of management.