Sinking funds is created for

General purpose

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Specific purpose

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Both

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Either (a) or (b)

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Solution

The correct option is A Specific purpose
Correct answer ; B
Because sinking funds are usually created for repaying debt.

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Similar questions

Q. Sinking funds is created for___________.

Q. Sinking fund is created in ___________.

Under Sinking Fund method, Sinking Fund or Debenture Redemption Fund of _______ the amount of present value of redemption amount of debentures is created out of profits every year.

Describe the steps fox creating Sinking Fund for redemption of debentures.

Describe the steps for creating Sinking Fund for redemption of debentures.

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Sinking funds is created for

The correct option is A Specific purposeCorrect answer ; BBecause sinking funds are usually created for repaying debt.

The correct option is A Specific purpose
Correct answer ; B
Because sinking funds are usually created for repaying debt.