Question

When provision for doubtful debt is recorded in credit side of revaluation account

Answer 1

Answer:

If Provision for Bad debts is not given previous year balance sheet,

Then, pass journal entry,

Revaluation A/C Dr. Xxx

To Prov for Bad debts xxx

If already prov for bad debts is given then ,pass journal entry,

Prov for Bad debts Dr. Xxx

Revaluation Dr. xxx

To Debtor. xxx

This will help you a lot !!

Pls Mark as a Brainliest Answer!!