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What journal entries will be recorded for the following transactions on the dissolution of a firm: 

(a) Payment of unrecorded liabilities of Rs. 3,200. 

(b) Stock worth Rs. 7,500 is taken by a partner Rohit. 

(c) Profit on Realisation amounting to Rs. 18,000 is to be distributed between the partners Ashish and Tarun in the ratio of 5 : 7. 

(d) An unrecorded asset realised Rs. 5,500.

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Journal Entries

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