Revaluation A/C
- Soma and Navya were partners sharing profits in the ratio of 2: 1. Ananya 1 5 th share in profits. Following balances was admitted as a partner for th appeared in the books of the firm on that day.
Debtors
1,80,000
12,000
Provision for Doubtful Debts
₹
Debtors worth ₹10,000 became bad. It was decided to create 4% provision on doubtful debts.
Pass necessary journal entries.
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