What will be the Journal Entries of this transactions???

Realisation a/c                    Dr.            9,000
      To Kavita's Capital a/c                              9,000
(Being Dissolution expenses agreed to be made by her)

Kavita's Capital a/c             Dr.            9,000  
      To Realisation a/c                                    9,000
(Being Furniture taken over by her)

As noth of them are opposite entries of each other, each entry nullifies the effect of the another, thus leading to No Entry.

Therefore, No Entry.

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