Q. Journal entries for the following : 

(a)  Realisation expenses of Rs. 10,000 were paid by Ajay a partner.
(b) Realisation expenses of Rs. 15,000 were to be met Rahul, a partner. but were paid by the firm.
(c) ​Ramesh , a partner  , was paid remuneration of Rs. 25,000 and he was to meet all expenses.
(d) Anju a partner, was paid remuneration of Rs. 20,000 and he was to meet all expenses. Firm paid an expenses of Rs. 5,000.
 

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

Q. Pass Journal entries for the following at the time of dissolution of a firm :
(a) Sale of Assets --Rs. 50,000
(b) Payment of Liabilities --- Rs. 10,000
(c) A commission of 5% allowed to Mr. X, a partner, on sale of assets.