Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Mohit and Rohit after the various…

Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Mohit and Rohit after the various assets (other than cash and bank) and the third party liabilities have been transferred to realisation account : (i) A machine which was not recorded in the books was taken over by Mohit at ₹ $\displaystyle 7,000$, whereas its expected value was ₹ $\displaystyle 10$,000. (ii) Rohit's loan of? $\displaystyle 15,000$ was settled at ₹ $\displaystyle 13$,500. (iii) The firm had investments of ₹ $\displaystyle 1,00$,000. Mohit took over $\displaystyle 50$% of the investments at a discount of $\displaystyle 10$%, while the remaining investments were sold off for ₹ $\displaystyle 60$,000. (iv) Realisation expenses amounted to ₹ $\displaystyle 23$,000. (v) Sundry creditors amounting to ₹ $\displaystyle 45,000$ were settled at a discount of ₹ $\displaystyle 2$,000. (vi) Loss on realisation ₹ $\displaystyle 12,000$ was divided between the partners in their profit sharing ratio.