CUET Preparation Today
Which of the following in NOT true ? |
Sinking fund is established to set aside revenue for a future expense Sinking funds are the same as savings account Sinking fund is set up for a particular purpose Sinking funds are to be used at a particular time |
Sinking funds are the same as savings account |
The correct answer is Option (2) → Sinking funds are the same as savings account Savings Account, is a general purpose account where individual or organization save money without a specific, pre-designated use. |
