Question

Building is undervalued by Rs. 90,000. 2)Bad debt incurred Rs. 5,000, provision for doubtful debt already appeared in the books at Rs. 2,000 pass journal entry

Answer 1

Answer:

Revaluation A/C Dr 93000

To Building A/C 90000

To Bad Debts A/C 3000

(Being Revaluation Loss Incurred)