5957Chemical EngineeringMedium
‘Amortization’ in respect of financial obligation of a company means the________?
ALiquidation of financial obligations on instalment basis
BLiquidation of all the obsolete equipments of the company
CCommitment of financial obligation on priority
DModernisation of the plant equipments
Correct answer
A. Liquidation of financial obligations on instalment basis
Explanation
The correct answer is Liquidation of financial obligations on instalment basis.