G.k of accounting
Harsh Jethwa (58 Points)
13 January 2019
what is sinking fund ,why and when sinking fund is need to be made ?
Harsh Jethwa (58 Points)
13 January 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 13 January 2019
Sinking fund or Debenture redemption fund is fixed amount set aside out of profit every year is to be invested outside the business , for redemption of debenture , out of the fund company purchase either investment or an insurance policy . The investment are sold or policy is surrendered on the date of redemption in order to obtain money required to pay off debenture holders .
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