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

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

(i) When payment is made for an unrecorded liability.

(ii) When a partner undertakes to pay an unrecorded liability.

(iii) When an unrecorded asset is taken by a partner.

(iv) When an unrecorded asset is taken by a creditor.

(v) When an unrecorded asset is taken by a partner and also unrecorded liability is assumed.