Accountancy, asked by Niharikasoni1, 1 year ago

What is Sinking Fund? What purpose does it create ?

Answers

Answered by hranjannayak

A sinking fund is a fund established by an economic entity by setting aside revenue over a period of time to fund a future capital expense, or repayment of a long-term debt.

Niharikasoni1: Thanks for answering

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