There was an unrecorded asset of ₹ 12,000 which was taken over by a partner at ₹ 10,500 at the time of dissolution of firm. Partner’s Capital Account will be debited by which amount?

₹ 32500 ₹1500 ₹10500 ₹12000

₹10500

For an asset taken over by a partner- Partner’s Capital A/c Dr.    To Realisation A/c   (with the amount taken over by partner)