Assertion (A): Value Addition can take place even when commodity does not go through any transformation
Assertion (A): Value Addition can take place even when commodity does not go through any transformation.
Reason (R): It happens when a commodity is purchased for resale.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A).
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True.
Anurag Pathak Changed status to publish December 10, 2023
Ans – (a)
Explanation:-
Value addition can take place even when a commodity does not go through any transformation. It happens when a commodity (ready to use for consumption) is purchased for resale.
For example:- Television purchased by Television dealer for ₹ 10,000 and resale for ₹12,000 results. However, there is no transformation but the value added is ₹ 2,000.
Thus Assertion (A) and Reason (R) is true and Reason (R) is the correct explanation of Assertion (A).
Anurag Pathak Changed status to publish December 10, 2023
