CUET · MATHS · PYQ PAPER 2025
Which of the following is NOT correct about a Sinking Fund?
- A It is set up for particular upcoming expense.
- B A fixed amount at regular intervals is deposited in it.
- C It can be used only for the purpose it was created.
- D It is a long-term fund which can be closed at any time.
Answer & Solution
Correct Answer
(D) It is a long-term fund which can be closed at any time.
Step-by-step Solution
Detailed explanation
It is a long-term fund which can be closed at any time.
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