CUET Preparation Today
Choose the correct statement about Sinking Fund? |
It is a long term account which can be closed any time. It does not have any specific purpose. In this fund, a fixed amount at regular intervals is deposited for a fixed terms It can be used in any emergency. |
In this fund, a fixed amount at regular intervals is deposited for a fixed terms |
The correct answer is Option (3) → In this fund, a fixed amount at regular intervals is deposited for a fixed terms ** A sinking fund is a fund created by setting aside a fixed amount of money at regular intervals for a specified period, usually to repay a debt or replace an asset in the future. Correct option: In this fund, a fixed amount at regular intervals is deposited for a fixed term. |
