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प्रश्न
Divya, Mona and Sonu were partners in a firm. On 31.3.2026 Mona retired from the firm. On Mona’s retirement the balance sheet of the firm showed debtors at ₹ 1,95,000 and Provision for Doubtful Debts at ₹ 11,700. It was decided to record unrecorded debtors of ₹ 5,000 and to maintain a provision for bad and doubtful debts at existing rate.
Pass necessary journal entries for the above transactions in the books of the firm on Mona’s retirement.
रोजकीर्द नोंद
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उत्तर
| JOURNAL OF DIVYA, MONA, AND SONU | ||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 2026 March 31 |
Debtors A/c Dr. | 5,000 | ||
| To Revaluation A/c | 5,000 | |||
| (Recorded the unrecorded debtors) | ||||
| ” | Revaluation A/c Dr. | 300 | ||
| To Provision for Bad and Doubtful Debts A/c$^{(2)}$ | 300 | |||
| (Created provision for bad and doubtful debts) | ||||
Working Note:
(1) Existing rate of Provision for Doubtful Debts \[= \frac{11,700}{1,95,000} \times 100 = 6\%\]
(2) Provision for Doubtful Debts to be created:
| Particulars | ₹ |
|---|---|
| Required balance @ 6% on $(₹ 1,95,000 + ₹ 5,000)$ = | 12,000 |
| Less: Existing balance = | 11,700 |
| Provision to be created | 300 |
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