CUET · MATHS · PYQ PAPER 2025
Which one of the following statement is incorrect about sinking fund?
- A It is a fixed term account.
- B It is set-up for a particular upcoming expense.
- C In this fund a fixed amount at regular intervals is deposited.
- D It can be used in any emergency.
Answer & Solution
Correct Answer
(D) It can be used in any emergency.
Step-by-step Solution
Detailed explanation
It can be used in any emergency.
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