1.

Given below are two statements, Statement one is labelled as Assertion (A) and the other is labelled as Reason (R).Assertion (A): A budget is a balanced estimate of expenditures and receipts of a given period of time.Reason (R): In the hands of an educational administrator, the budget is a record of past performance, a method of current control and a projection of future plans.In the light of the above statements, select your answer from the option given below:

A. Both (A) and (B) are true and (R) is the correct explanation of (A)
B. Both (A) and (R) are true and (R) is not the correct explanation of (A)
C. (A) is true, (R) is false
D. (A) is false, but (R) is true
Answer» B. Both (A) and (R) are true and (R) is not the correct explanation of (A)


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