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    Question :

    An old customer, whose account was written off as bad debts has promised to pay Rs. 15,000 in full settlement of his account of Rs.25,000. The value of sundry debtors will be.

     

    Option 1:  Increased by Rs 15,000

    Option 2:  Decreased by Rs 15,000

    Option 3:  Increased by Rs 25,000

    Option 4: Decreased by Rs 25,000

    Team Careers360 21st Jan, 2024
    Answer
    Answer (1)
    Team Careers360 25th Jan, 2024

    Correct Answer: Increased by Rs 15,000


    Solution :

    Answer = Increased by Rs 15,000

    Sundry debtors will be increased by Rs 15000

    debtor A/c Dr 15000

    To Revaluation 15000
    Hence, the correct option is 1.

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