A, B & C are partners sharing profits in the ratio of 5:4:1. Their capital accounts showing balance of ₹300000, ₹150000, ₹150000 respectively. It is decided between partners that they will share future profits equally. Firm has the following information-
Creditors- ₹110000
Salary payable- ₹30000
O/s expenses- ₹10000
General reserve- ₹40000
Bank balance- ₹210000
Sundry debtors- ₹100000
Provision for doubtful debts- ₹10000
Stock -₹50000
Furniture- ₹40000
Computers- ₹200000
Vehicle-₹200000

Provision for doubtful debts is to be written back because all debtors are good. In which account and which side it will be written?

Credit side of revaluation account

Provision for doubtful debts is written back because all the debtors are good so there is no need of provision means it is gain for the firm so the journal entry will be-
Provision for doubtful debts Dr. 
         To Revaluation A/c
So, it is written on the credit side of revaluation account.