Revaluation A - c is debited-A- To transfer loss on revaluationB- a decrease in the amount of creditorsC- an increase in the value of Land and BuildingD- an increase in Provision for doubtful debts

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Adjustments in Partner's Capital Accounts

Revaluation A...

Question

Revaluation A/c is debited :

To transfer loss on revaluation

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a decrease in the amount of creditors

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an increase in the value of Land and Building

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an increase in Provision for doubtful debts

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Following information is given in trail balance

$\begin{matrix} Bad debt & R s . 3, 000 Provision for bad debts & R s . 3, 500 Debtors & R s . 40, 000 \end{matrix}$

Additional Information:

It is desired to make a provision for doubtful debts @10% on debtors. Find the amount to be debited to profit and loss account.

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