Accountancy, asked by divyanshjain3232, 7 months ago

The amount earlier written off as bad debts now received in which revalution account.

Answers

Answered by bittumogatalareddy

Answer:

Revaluation account is credited to record the amount recovered that was earlier written off as bad debt. Bad debt is the inability to recover money from debtors; it is a loss for the firm. Hence, recovery is a profit and is credited to the revaluation account.

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