P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. On 31.3.2022 R retired from the firm. On R's retirement the…

Books of P, Q and R Journal L.F Debit Credit Date Particulars Amount Amount (₹) (₹) $\displaystyle 2022$ March $\displaystyle 31$ Bad Debts A/c Dr. $\displaystyle 5,000$ To Sundry Debtors A/c $\displaystyle 5,000$ (Bad debts ₹ $\displaystyle 5,000$ written off on R’s retirement) ,, ,, Revaluation A/c Dr. $\displaystyle 5,000$ To Bad Debts A/c $\displaystyle 5,000$ (Bad debts written off transferred to revaluation) ,, ,, Revaluation A/c Dr. $\displaystyle 9,250$ To Provision for bad and $\displaystyle 9,250$ doubtful debts (Created provision for bad and doubtful debts)