what will be the entry of "bad debts amounted to Rs 2,000 were to be written off" in revaluation?????
The bad debts are a loss to the firm. It will reduce the amount in the Debtors A/c which is an asset account. So, on decrease it should be credited. But, here you should debit Revaluation A/c (instead of Bad Debt A/c).
Journal Entry:
Revaluation A/c Dr. Rs. 2,000
. . To Debtors A/c . . . . . . . . . . . .Rs. 2,000