Pass Journal entries in the following cases?
- Expenses of realisation ₹ 600 to be borne by the firm and are paid by Mohan, a partner.
- 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 ₹ 2,000.
- Motor car of book value ₹ 50,000 taken by a creditor of the book value of ₹ 40,000 in settlement.
Solution :
