Relevant Competitive Tests:
‘Amortization’ in respect of financial obligation of a company means the_____________________?
A. Liquidation of financial obligations on instalment basisCorrect Answer
B. Commitment of financial obligation on priority
C. Liquidation of all the obsolete equipments of the company
D. Modernisation of the plant equipments
Correct Option: A. Liquidation of financial obligations on instalment basis
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