[ISC] Q. 5 Solution of Dissolution of Partnership Firm TS Grewal ISC 2023-24 Edition

Pass the Journal entries for the following transactions at the time of dissolution:

1. (i) Realisation expenses of ₹ 5,000 paid by the firm which were to be borne by Aman, a partner.
2. (ii) Realisation expenses of ₹ 6,000 were paid by Ramesh, a partner.
3. (iii) Realisation expenses were ₹ 14,000; ₹ 8,000 were to be borne by the firm and the balance by Sanjay, a partner. The expenses were paid by Sanjay.
4. (iv) Realisation expenses paid by firm were ₹ 30,000. Out of the said expenses, ₹ 22,000 were to be borne by the firm and balance by Sonu, a partner.
5. (v) Realisation expenses of ₹ 6,000 paid by Rajesh, a partner, who was to bear these expenses.
6. (vi) Realisation expenses of ₹ 8,000 were paid by Subrato for which he was allowed ₹ 5,000.