The correct answer is: C. A is true, but R is false
A balance sheet is a financial statement that reports a company’s assets, liabilities, and equity at a specific point in time. It is a snapshot of the company’s financial position. The realizable value of a business is the amount of money that the business could reasonably expect to receive if it were to sell all of its assets and pay off all of its liabilities.
Accounting is the process of recording, classifying, and summarizing financial information. It provides information about a company’s financial performance, financial position, and cash flows. However, accounting does not provide all of the information that a businessman needs. For example, accounting does not provide information about a company’s marketing strategy, its research and development activities, or its human resources policies.
Therefore, A is true, but R is false.