How is Provision for doubtful debts in the Revaluation account 9000?
Regards
Dear Student,
Provision for doubtful debts in the Revaluation account 9000 will be calculated as :-
Regards
Provision for doubtful debts in the Revaluation account 9000 will be calculated as :-
Old Provision for doubtful debts | 20000 |
Less : New Extra Provision for doubtful debts:- 260000-20000 = 220000 x 5% | 11000 |
Loss on Revaluation | 9000 |
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