5 :- Pass journal entries in the following cases ?
(a) Expenses of realisation Rs 600 to be borne by the firm and are paid by Mohan, a partner.
(b) Mohan, one of the partners of the firm, was asked to carry out dissolution of the firm for which he was allowed a salary of Rs 20,000. Expenses for dissolution were Rs 5,000.
(c) Motor car of book value Rs 50,000 taken by a creditor for Rs 40,000 in settlement.
Solution :-