Pass necessary Journal entries for the following transactions on the dissolution of the firm P and Q after the various assets otherthancash and outside liabilities have been transferred to Realisation Account:

a Bank Loan 12,000 was paid.

b Stock worth 16,000 was taken over by partner Q. c Partner P paid a creditor 4,000.

d An asset not appearing in the books of accounts realised 1,200.

e Expenses of realisation 2,000 were paid by partner Q.

f Profit on realisation 36,000 was distributed between P and Q in 5 : 4 ratio.