Assertion (A): The Income and Expenditure Account is like the cashbook.
Reason (R): Income and Expenditure account shows the surplus or deficit that is earned during the financial year by the non-profit organisation.

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

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

Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of assertion (A)

Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of assertion(A)