Question

A debtor whose dues of 4800 were written off as bad debt paid 50% in full settlement what will be the effect of this in revaluation account

Answer 1

Answer:

It will be shown in the credit side of Revaluation a/c by stating “By Cash a/c ₹2,400”

Explanation:

As bad debt is recovered so cash is increasing. Cash is an asset so it is credited in revaluation a/c

Answer 2

Explanation:

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