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P2 C3 Provisions and Reserves — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C3 Provisions and Reserves1 Mark
Question
State any two uses of sinking fund.
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Answer

Two uses of sinking fund are as follows: $(1 )$ Sinking fund for the payment of long term debt $(2 )$ Sinking fund for replacement of a fixed asset

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