Sinking Fund is created for which of these purposes

Related MCQs

• After realizing all the investments, the balance in the sinking fund account is transferred to …………
• The balance sheet of the debentures sinking fund after redemption of debentures is credited at the end of the accounting period to:
• These reserves are created out of revenue profits of the business for a specific purpose:
• These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required:
• These reserves are created out of capital profits:
• Which one of the following concepts is used as fund in the preparation of funds flow statement?
• If the Petty Cash fund is not reimbursed just prior to year end and an appropriate adjusting entry is not made, then
• Endowment fund receipt is traded as-
• Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation
• Generally the term fund is used to mean the difference between