At the time of Dissolution of firm, a partner named Sandeep decided to take over 50% Stock (1,00,000 Book Value) at 10% discount. Realisation Account will be:

Debited by 45,000 Credited by 45,000 Debited by 90,000 Credited by 90,000

Credited by 45,000

"(50,000 -50,000* 10%) = 45,000 Credited to Realisation Account. As the journal entry for this is- Sandeep A/c   Dr. 45000    To Realisation A/c  45000