Unrecorded assets when taken over by a partner are shown in:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Credit of Realisation A/c
An unrecorded asset taken over by a partner is a realisation gain: the partner’s capital account is debited and the Realisation Account is credited.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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