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

Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tina and Rina after the various assets (other than cash and bank) and external liabilities have been transferred to realisation account : (i) There was an outstanding bill for repairs for which ₹ $\displaystyle 20,000$ were paid. (ii) The firm had stock of ₹ $\displaystyle 80$,000. Tina took over $\displaystyle 50$% of the stock at a discount of $\displaystyle 20$% while the remaining stock was sold off for ₹ $\displaystyle 52$,000. (iii) The firm had $\displaystyle 100$ shares of ₹ $\displaystyle 10$ each which were taken over by the partners at market value of ₹ $\displaystyle 20$ per share in their profit sharing ratio of $\displaystyle 3$:2. (iv) Realisation expenses of ₹ $\displaystyle 4,000$ were paid by Rina. (v) Tina had given a loan of ₹ $\displaystyle 40,000$ to the firm which was duly paid. (vi) Rina agreed to pay off her husband's loan of ₹ $\displaystyle 10,000$ at a discount of $\displaystyle 10$% .