On dissolution of a firm, an unrecorded furniture of the value of ₹6,000 was taken up by a partner for ₹4,000. Which Account will be credited and by how much amount?

Cash Account by ₹4,000 Realisation Account by ₹6000 Partner"s Capital Account by ₹6,000 Realisation Account by ₹4,000

Realisation Account by ₹4,000

For an asset taken over by a partner Partner’s Capital A/c Dr. 4000 To Realisation A/c 4,000 As partner capital account is reduced by this amount.