Pass Journal entries for the following :
(a) Realisation expenses amounted to ₹ 10,000 were paid by the firm on behalf of Alok , a partner ,with whom it was agreed at ₹ 7,500 .
(b) Realisation expenses amounted to ₹ 5,000 it was agreed that the firm will pay ₹ 2,000 and balance by Ravinder , a partner .
(c) Dissolution expenses amounted to ₹ 10,000 were paid by Amit , a partner , on behalf of the firm .

Pass Journal entries for the following transactions : (i) Realisation expenses amounted to ₹ 10 , 000. (ii) Realisation expenses of ₹ 5,000 were paid by the firm on behalf of Taran , a partner . (iii) Realisation expenses of ₹ 5,000 were paid by the firm on behalf of Madan , a partner . (iv) Pawan , a partner was paid remuneration (including expenses) of ₹ 20 , 000 to carry out dissolution of the firm . Actual expenses were ₹ 10 , 000 . (v) Dissolution expenses were ₹ 8 , 000 . Out of the said expenses , ₹ 3,000 were to be borne by the firm and the balance by Ravi , a partner . ₹ 8,000 are paid by the firm . (vi) Dissolution expenses were ₹ 8 ,000, ₹ 3,000 were to be borne by the firm and the balance by Rajib , a partner . The expenses were paid by the partner . (vii) Realisation expenses of ₹ 5,000 were to be borne and paid by Karan , a partner . (viii) Manoj , a partner is to carry out dissolution of the firm at an agreed remuneration of ₹ 10 , 000 . (ix) Dev , a partner is paid remuneration of ₹ 15,000 for dissolution of the firm . Realisation expenses of ₹ 8,000 are paid by the firm . (x) Realisation expenses of ₹ 5,000 were to be borne by Pavit , a partner . However it was paid by Hitesh , another partner .

Pass Journal entries for the following : (a) Realisation expenses of ₹ 15,000 were to be met by Rahul , a partner , but were paid by the firm . (b) Ramesh , a partner , was paid remuneration of ₹ 25,000 and he was to meet all expenses . (c) Anuj , a partner was paid remuneration of ₹ 20,000 and he was to meet all expenses . Firm paid an expense of ₹ 5,000.

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 % .

Pass the necessary Journal entries on the dissolution of a firm in the following cases : (a) Dharam , a partner was appointed to look after the process of dissolution at a remuneration of ₹ 12,000 and he had to bear the dissolution expenses . Dissolution expenses ₹ 11,000 were paid by Dharam . (b) Jay , a partner , was appointed to look after the process of dissolution and was allowed a remuneration of ₹ 15,000 . Jay agreed to bear dissolution expenses . Actual dissolution expenses ₹ 16,000 were paid by Vijay , another partner on behalf of Jay. (c) Deepa , a partner was to look after the process of dissolution and for this work she was allowed a remuneration of ₹ 7,000 . Deepa agreed to bear dissolution expenses . Actual dissolution expenses ₹ 6,000 were paid from the firm's bank account . (d) Dev , a partner agreed to do the work of dissolution for ₹ 7,500 . He took away stock of the same amount as his commission . The stock had already been transferred to Realisation Account . (e) Jeev , a partner , agreed to do the work of dissolution for which he was allowed a commission of ₹ 10,000 . He agreed to bear the dissolution expenses . Actual dissolution expenses paid by Jeev were ₹ 12, 000 . These expenses were paid by Jeev by drawing cash from the firm . (f) A debtor of ₹ 8,000 already transferred to Realisation Account agreed to pay the realisation expenses of ₹ 7,800 in full settlement of his account .