The amount realised from the sale of assets at the time of partnership firm is recorded on :

Debit side of Realisation Account Credit side of Realisation Account Liabilities side of Balance Sheet Assets side of Balance Sheet

Credit side of Realisation Account

The journal entry for the realisation of assets is: Bank A/c Dr.     To Realisation A/c. As bank account is increased with the amount of sale value or realised value.