Pass the necessary journal entries for the following transactions on the dissolution of a partnership firm of Vibha and Ajit after various assets (other than cash) and external liabilities have been transferred to Realisation Account 

1. Creditors worth ₹46,000 accepted ₹9,000 cash and furniture of ₹32,000 in full settlement of their claim.
2. The firm had stock of ₹20,000. Ajit took over 40% of the stock at a discount of 10% while the remaining stock was sold for ₹18,000.
3. Vibha was appointed to look after dissolution work for which she was allowed a remuneration of ₹16,000. Vibha agreed to bear the dissolution expenses. Actual dissolution expenses ₹15,000 were paid by Vibha.
4. Ajit’s loan of ₹45,000 was settled at ₹42,000.
5. A machine which was not recorded in the books was taken over by Vibha at ₹23,000, whereas its expected value was ₹28,000.
6. The firm had a debit balance of ₹20,000 in the Profit and Loss Account on the date of dissolution.

Marks-6, CBSE: 2024-25/Zone-1/Set-1/Q-24