What is the meaning of all debtors are good??.. What will be the entry in revaluation acPfdd is given 7000Debtors 20000

cancel provision for DD. i.e write provision for DD on credit side of revaluation account
  • 7
All debtor good means provision for d.d in no longer recquired and hence should be credited to revalution a/c Entry is show revalution a/c in credited side
  • 3
with 7000 amount ??
  • -3
Provident fund is credited to revaluation account with 7000 rs cuz its a gain to firm
  • -2
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