Luv and Kush were partners in a firm sharing profits and losses in the ratio of 5 : 4. On 1st April, 2024, Rishi was admitted as a new partner for $\dfrac{2}{9}$ share in profits which he acquired equally from Luv and Kush. On the date of Rishi’s admission, the Balance Sheet of Luv and Kush showed debtors of ₹ 9,00,000 and provision for bad and doubtful debts of ₹ 90,000.
Pass necessary journal entries for treatment of provision for bad and doubtful debts on the date of Rishi’s admission in each of the following cases:
(i) Bad debts amounted to ₹ 60,000.
(ii) Bad debts amounted to ₹ 90,000.
(iii) Bad debts amounted to ₹ 1,00,000.