Question

Expenses debited in the profit and loss accoung includes a sum of 2000 paid for b's personal expenses

Answer 1

B's capital A/c Dr. 2000
To Revaluation A/c 2000

I HOPE YOU UNDERSTnAND. B ka expense humne paid kar diya hai, Toh usse paise lene hai. Toh hum B KA ACCOUNT DEBIT karenge. Wo toh pata hoga paise usse le rahe hai toh debit aur agar dete toh credit karte. Aur profit ya loss/expense hum revaluation A/c mei show Karte hai Toh CREDIT REVALUATION A/C. Ye bhi pata hi hoga REVALUATION A/c banaYya hi Hoga aapne. I THINK THIS IS HELPFUL

Answer 2

Answer:

B's capital a/c dr.2000

to ravaluation a/c 2000

Explanation:

reason is simple as firm has earlier paid b's personal expenses through p & l a/c so b need to return it to the firm. so we will dr. b's. capital a/c and since we record loss at dr side and profit at cr side of revaluation so we will credit revaluation a/c