Saving may be used in future for unseen contingencies.

Ans. 1. Generally, people do not use their entire income for consumption. They save a part of their income for consumption. They save a part of their income as a precaution against contingencies.

2. The  amount saved can be utilized to face unexpected expenditures due to sickness, accidents, etc. Thus, saving may be used in future for unseen contingencies. 
Omtex App. Free For Students.

PDF FILE TO YOUR EMAIL IMMEDIATELY.
PURCHASE NOTES & PAPER SOLUTION.
@ Rs. 50/- each
 ENGLISH  ACCOUNTS  ECONOMICS  ORGANISATION OF COMMERCE & MANAGEMENT  SECRETARIAL PRACTICE  SCIENCE PAPER SOLUTION  HISTORY POLITICAL SCIENCE  GEOGRAPHY ECONOMICS  ALGEBRA PAPER SOLUTION  GEOMETRY PAPER SOLUTION  ALGEBRA