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What is the purpose of a sinking fund?a)To invest in outside securities for high returnsb)To create secret reserves for public confidencec)To meet known liabilities or replace fixed assetsd)To distribute dividends among shareholdersCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of a sinking fund?a)To invest in outside securities for high returnsb)To create secret reserves for public confidencec)To meet known liabilities or replace fixed assetsd)To distribute dividends among shareholdersCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of a sinking fund?a)To invest in outside securities for high returnsb)To create secret reserves for public confidencec)To meet known liabilities or replace fixed assetsd)To distribute dividends among shareholdersCorrect answer is option 'C'. Can you explain this answer?.

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