Millionaire Mode

Accounting Test

Question 1 of 25

When Interest is received on Sinking Fund Investment method, which of the following accounts will be credited?

(i) Interest on Sinking Fund Investment account

(ii) Sinking Fund account

(iii) Bank account

  1. Only (I) and (ii)
  2. Only (ii) and (iii)
  3. Only (I) and (iii)
  4. (I), (ii) and (iii)

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000