What entry would you pass for the following transaction on the dissolution of a firm having partners Vishal and Rakesh.
1. An unrecorded asset realised Rs. 6200.
2. Dissolution expenses amounted to Rs. 3200.
3. Creditors already transferred to realisation account were paid Rs. 88,000.
4. Stock worth Rs. 5400 already transferred to realisation account was sold for Rs. 4100.
5. Profit on realisation Rs. 48000 to be distributed between partners, Vishal and Rakesh?