If all debtors are good is given in adjustment and provision for doubtful debts is given in the question then what to do???

mention  the particular chapter name (admission,death or dissolution)

although it will bw mentioned with the same amount in the balance sheet!!

  • -1

1) if it is given in balance sheet you treat only p&l a/c dr side separatly, do not other with item add or less k .

2) if it is given in adjustment you treat first time p&l a/c dr side less from dr item & second time bs assets side less from dr item . 

  • -2

close provision for doubtfull debts a/c by passing the journal entry

provision for doubtful debts a/c                        dr.
                 to revaluation a/c

  • 4

bank a/c  dr

      to realization a/c

(amt. realized from debtors since they are all good)

Nothing will be done with provision for debtors account !

  • 10

then u simply credit the amt. of provision of DD in the revaluationA/c and write the book value of debtos in the new B/s.

  • 5
there is no requirement any adjustment in cash flow related to debtors.and for provsion for bed debts treated as current liablities
  • 3
Revaluation crvside by rdd and in balance sheet write gross amount of debtor i.e. inner column amount
  • -1
It means no money is irrecoverable from debtors . so the amt of provision is treated as gain and shown on credit side of revaluation account . debtors in balance sheet will be shown at their gross value
  • 2
creditors are to be paid 1000 more ? meaning?
  • 2
Both cant be given
  • 0
If it is the question of admission,death,retirement then journal entry will be
Provision for doubtful debt a/c dr.
To Revaluation a/c
  • 2
If it is the question of dissolution of partnership firm than journal entry will be
Provision for doubtful debt a/c dr.
To Realisation a/c
  • 0
In revaluation a/c provision for doubtful debt should be credited and in balance sheet no deduction will be shown in debtors.
  • 6
You don't need to take take RDD
And write the amount of RDD in credit side of revaluation account or
Profit and loss adjustment account
  • 1
Provision for doubtful dets will be add in operating activities
  • 0
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