Q1649
Assertion (A) Sinking fund is a charge against profit and loss account. Reason (R) Sinking fund is created for repayment of a long-term liability.
A.
(A) is true, but (R) false
B.
Both (A) and (R) are true
AnswerC.
(A) is false, but (R) true
D.
Both (A) and (R) are false
Answer: Option B
Solution
Answer: Option B
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