CUET · MATHS · PYQ PAPER 2025
Which of the following is correct about the Sinking Fund?
- A It is a long-term account which can be closed any time.
- B It is set-up for a particular upcoming expense.
- C Any amount can be deposited in the sinking fund at any point of time.
- D It can be used in any emergency.
Answer & Solution
Correct Answer
(B) It is set-up for a particular upcoming expense.
Step-by-step Solution
Detailed explanation
It is set-up for a particular upcoming expense.
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