Definition of push down accounting
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Original cost = Rs 1,26,000. Salvage value = 6,000. Useful Life = 6 years. Annual depreciation under SLM will be (a) Rs.21,000 (b) Rs.20,000 (c) Rs.15,000 (d) Rs.14,000
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What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.
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