Which of following is false for sinking fund? A. It doe not have any specific purpose. B. It is fixed term account. C. It is fund in which fixed amount at regular intervals is deposited. D. It is a saving account. E. It can be used in emergency. Choose the correct answer from the options given below :

A, D, E only B, E only B, D, E only A, B, C only

A, D, E only