Pass Journal entries for the following at the time of dissolution of firm .
(a) Sale of Assets -₹ 50,000.
(b) Payment of Liabilities - ₹ 10 , 000.
(c) A commission of 5% allowed to Mr. X , a partner , on sale of assets.
(d) Realisation expenses amounted to ₹ 15,000 . The firm had agreed with Amrit , a partner, to reimburse him up to ₹ 10,000 .
(e) Z , an old customer , whose account for ₹ 6,000 was written off as bad in the previous year , paid 60% of the amount written off .
(f) Investment (Book Value ₹ 10,000) realised at 150 % .