‘Amortization’ in respect of financial obligation of a company mea

1.	‘Amortization’ in respect of financial obligation of a company means the_____________________?
A.	Liquidation of financial obligations on instalment basis
B.	Commitment of financial obligation on priority
C.	Liquidation of all the obsolete equipments of the company
D.	Modernisation of the plant equipments
Answer» B. Commitment of financial obligation on priority

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‘Amortization’ in respect of financial obligation of a company means the_____________________?

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