Give Journal entries in each of the following alternative cases on the dissolution of a firm Realisation expenses paid by X on behalf of the firm

Give Journal entries in each of the following alternative cases on the dissolution of a firm:

(i) Realisation expenses paid by X on behalf of the firm.

(ii) Realisation expenses paid by the firm ₹ 1,000. However, the expenses were to be borne by partner X for which he was to be given a commission of 5% on net cash realised on dissolution. Cash realised from assets was ₹ 2,00,000 and cash paid for liabilities was ₹ 40,000.

(iii) General Reserve appearing in the balance sheet was ₹ 20,000.

(iv) Sundry Creditors amounted to ₹ 15,000. These were paid at a discount of 2%.