Assertion (A): In partnership firm the liability of all the partners is unlimited.
Reason (R): The partners are individually as well as jointly responsible for paying off business debts.
(A) Both A and R are true. R is the correct explanation of A
(B) Both A and R are true, but R is not the correct explanation of A
(C) A is correct, but R is incorrect
(D) A is incorrect, but R is correct
