Related Questions

Assertion (A): Premium receivedon issue of shares is credited to share premium account but not to profit and loss account.
Reason (R): Since share premium is not a trading profit, it is not distributed to shareholders.
Assertion (A) Premium received on issue of shares is credited to share premium account, but not to profit and loss account.
Reason (R) Since, share premium is not a trading profit, it is not distributed to shareholders.
In the question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: Summer is slowly fading away, but the sales of super premium and craft beers continue to sizzle. And now the FIFA World Cup football in Russia, as many football fans head out to the pubs every evening to watch matches, is adding some more fizz to the market. For young millennials, especially in Indian metros, it’s also time to seek out new craft and super-premium beers. According to a report by Euromonitor International last year, there is likely to be a further rise of craft beers in India this year. The report says that the huge success of B9 Beverages’ Bira 91 is expected to further encourage many global players to introduce their own craft beers.  Assumptions: I. Additionally, with this category being largely underdeveloped, many new players are also expected to emerge.  II. Likewise, a recent report by BMI Research of Business Monitor International, too, sees a strong growth for the beer market in India in 2018 on the back of changing cultural attitudes and a young, increasingly affluent population, demand for premium and craft beers is rapidly emerging. III. With growth in demand from Indian beer connoisseurs, who don’t mind paying a premium, it’s no surprise that importers and local brewers have launched over 20 new and fresh flavours this summer, including niche craft beers produced in small breweries.