Question

Treatmwnt of all debtors are good in addmision when no provision is given

Answer 1

Answer:

for eg:

balance sheet

assets side:

debtors 10,000

less: BDD 2,000 8,000

ADJUSTMENT : TREAT ALL DEBTORS GOOD

now bad debts becoming good so in the revaluation account eg. we show 2,000 in credit side in this question

and in balance sheet we right full debtors in asset side eg. 10,000 in this

Answer 2

Answer:

Explanation:

- Revaluation of Profits/Losses in case of Admission of Partner ... Reverse entry is passed in case of loss on revaluation. (No share is given to the new partner.) ... To All Partners Capital A/c (including retiring/deceased partner in old ratio) ... Transactions regarding debtors and provision for doubtful debts:.