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What are sinking funds

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What are sinking funds

    • Posted by Nitya Gaba 6 years, 6 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sumiti Beniwal 6 years, 6 months ago

    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.

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