Unrecorded assets when taken over by a partner are shown in:

Debit of Realisation A/c Debit of Bank A/c Credit of Realisation A/c Credit of Bank A/c

Credit of Realisation A/c

When any partner takes over the asset then the following journal entry is passed- Partner’s Capital A/c Dr.      To Realisation A/c This journal entry shows that the partner takes the asset due to which his capital that will be returned by the company is lowered by this amount of asset.