Which of following is false for sinking fund?

A. It does 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

The correct answer is Option (1) → A, D, E only

(A) Sinking fund is specifically created for repaying debt, replacing assets, or meeting a future liability.

(D) Sinking fund is not a saving account.

(E) A sinking fund is meant for a specific long-term purpose, not for emergencies.