Pass necessary Journal entries to record the following unrecorded assets and liabilities in the books of Paras and Priya :
(a) There was an old furniture in the firm which had been written off completely in the books . This was sold for ₹ 3,000 .
(b) Ashish , an old customer whose account for ₹ 1,000 was written off completely in the books . This was sold for ₹ 3,000 .
(b) Ashish , an old customer whose account for ₹ 1,000 was written off as bad in the previous year , paid 60% of the amount.
(c) Paras agreed to takeover the firm's goodwill (not recorded in the books of the firm ) , at a valuation of ₹ 30,000.
(d) There was an old typewriter which had been written off completely from the books . It was estimated to realise ₹ 400. It was taken by Priya at an estimated price less 25 % .
(e) There were 100 shares of ₹ 10 each in Star Limited acquired at a cost of ₹ 2,000 which had been written off completely from the books . These shares are valued @ ₹ 6 each and divided among the partners in their profit-sharing ratio.

Explanation

Dr. Cash/Bank A/c and Cr. Realisation A/c by ₹ 3,000 .
(b) Dr. Cash/Bank A/c and Cr. Realisation A/c by ₹ 600 .
(c) Dr. Paras 's Capital A/c and Cr. Realisation A/c by ₹ 30,000 .
(d) Dr. Priya's Capital A/c and Cr. Realisation A/c by ₹ 300.
(e) Dr. Paras's Capital A/c and Priya's Capital A/c by ₹ 300 each, Cr. Realisation A/c by ₹ 600.