Given below are two statements, one of which is labelled as Assertion (A) and other is labelled as Reason (R). Read both the statements carefully:
Assertion (A): The International Paralympic Committee (IPC) has developed a classification process which can contribute "to sporting excellence for all athletes and sports in the Paralympic Movement, and provide equitable competition."
Reason (R): The classification process serves two roles. The first is to determine who is eligible and the second is to grouping the sports people for the purpose of competitions.
In the context of the above two statements, which one of the following is correct?
To solve the problem, we need to analyze both the Assertion (A) and the Reason (R) and determine the correct relationship between them.
1. Understanding the Assertion (A):
The Assertion states that the International Paralympic Committee (IPC) has created a classification process that supports "sporting excellence for all athletes and sports in the Paralympic Movement" and ensures "equitable competition." This is a true and well-documented statement. The IPC’s classification system is indeed designed to level the playing field by minimizing the impact of impairments on sport performance.
2. Understanding the Reason (R):
The Reason says that the classification process has two main purposes: to determine who is eligible to compete, and to group athletes for competition. This is also correct. These are the fundamental objectives of the IPC classification system.
3. Assessing the Relationship:
Now we check if the Reason (R) correctly explains the Assertion (A). Since the process of classification is central to ensuring fair competition and inclusive participation, and since it does this by determining eligibility and grouping athletes, the Reason (R) directly explains why the classification process leads to "sporting excellence" and "equitable competition."
Final Answer:
Both A and R are true, and R is the correct explanation of A.
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.