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CUET · MATHS · PYQ PAPER 2025

Which of the following is correct about the Sinking Fund?

  1. A It is a long-term account which can be closed any time.
  2. B It is set-up for a particular upcoming expense.
  3. C Any amount can be deposited in the sinking fund at any point of time.
  4. D It can be used in any emergency.
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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.
From CUET
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