Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm Realisation Expenses ₹ 3,000 paid

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

(1) Realisation Expenses ₹ 3,000 paid.

(2) Realisation Expenses paid by the firm ₹ 2,000; Mr. X on of the partners has to bear these expenses.

(3) Y, one of the partners, took over a machine for ₹ 20,000.

(4) Z, one of the partners agreed to take over the creditor of ₹ 30,000 for ₹ 20,000.

(5) A, one of the partners has given loan to the firm of ₹ 10,000. It was paid back to his at the time of dissolution.

(6) Profit & Loss Account balance of ₹ 50,000 appeared on the assets side of the Balance Sheet.