Written on Mar, 11, 2012 by in | Leave a comment

A sinking fund is fund which is created for a specific purpose.  The sinking fund is created for following purposes:- To redeem or repay long term liabilities.  For example:- debentures, long term loans etc. To replace a wasting assets. For example:- mines etc. To replace an assets of depreciable nature. For example fixed assets. REDEMPTION OF DEBENTURES OR OTHER LONG …

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