What does this statement-DEBTORS ARE ALL GOOD" means?What adjustments should be done about this statement in revaluation account as well as in balance sheet?Given that debtors=19000 with (less) provision for doubtful debts=2000.

the provision for doubtful debts will be credited in the revaluation a/c (2000).

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it is a profit for the firm.... so we have to write in the credit side of revaluation account
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