Q5. Pass journal entries in the following cases at the time of dissolution
of partnership firm
a) Surender, a partner, was allowed a remuneration of Rs. 25,000
and he was to meet all expenses. Firng paid an expense of Rs.
5,000.
b) A Bills receivable Rs. 3,000 discounted with the bank was
dishonoured by its acceptor and the same had to be met by him.
c) Creditors amounting to Rs. 6,000 were paid Rs. 3,500 in full
settlement of their claim and balance creditors were handed over
stock of Rs. 90,000 in full settlement of their claim of Rs. 1,00,000,
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