The journal entry for realisation of an unrecorded asset of ₹5,500 is:

The correct answer is Option (1) → Cash A/c Dr. ₹5,500 To Realisation A/c ₹5,500

An asset not shown in the books brings in cash when it is realised. The cash received is a gain to the firm, so Cash (or Bank) A/c is debited and Realisation A/c is credited with ₹5,500.