Pass necessary Journal Entries for the following transactions, on the dissolution of a partnership firm of Kavita and Suman on 31st March, $\displaystyle 2022$, after the various assets (other than cash) and third party liabilities have been transferred to Realisation Account. (a) Kavita took over stock amounting to ₹ $\displaystyle 1,00,000$ at ₹ $\displaystyle 90$,000. (b) Creditors of ₹ $\displaystyle 2,00,000$ took over Plant and Machinery of ₹ $\displaystyle 3,00,000$ in full settlement of their claim. (C) There was an unrecorded asset of ₹ $\displaystyle 23,000$ which was taken over by Suman at ₹ $\displaystyle 17$,000. (d) Realisation expenses ₹ $\displaystyle 2,000$ were paid by Kavita. (G) Bank loan ₹ $\displaystyle 21,000$ was paid off. (f) Loss on dissolution amounted to ₹ $\displaystyle 7$,000.

Books of Kavita and Suman JOURNAL Date Particulars L.F. Dr. Cr. Amount ( `) Amount (`) $\displaystyle 2022$ (a) Kavita’s Capital A/c Dr. $\displaystyle 90,000$ March To Realisation A/c $\displaystyle 90,000$ $\displaystyle 31$ (stock taken over by Kavita at `$\displaystyle 90,000$) ” (b) No Entry - - ” (c) Suman’s Capital A/c Dr. $\displaystyle 17,000$ To Realisation A/c $\displaystyle 17,000$ (unrecorded asset taken over by Suman at `$\displaystyle 17,000$) ” (d) Realisation A/c Dr. $\displaystyle 2,000$ To Kavita’s Capital A/c $\displaystyle 2,000$ (realization expenses `$\displaystyle 2,000$ paid by Kavita) ” (e) Realisation A/c Dr. $\displaystyle 21,000$ To Bank A/c $\displaystyle 21,000$ (bank loan of `$\displaystyle 21,000$ paid off) ” (f) Kavita’s Capital A/c Dr. $\displaystyle 3,500$ Suman’s Capital A/c Dr $\displaystyle 3,500$ To Realisation A/c $\displaystyle 7,000$ (loss on dissolution transferred to partners’ capital accounts in old ratio)