Amit and Jay are the partners in a firm,which has 30,000 Loan from Bank and 10,000 Amit's brother Loan at the time of Dissolution. Amit took over his brother's loan. Journal Entry will be:

Amit's Capital A/c Dr   ₹10,000    To Realisation A/c         ₹10,000 (Takeover of loan) Realisation A/C Dr  ₹10,000    To Amit's Capital A/c     ₹10,000 (Takeover of loan) Amit's Brother A/C Dr ₹10,000    To Realisation A/C            ₹10,000 (Takeover of loan) Realisation A/C Dr ₹10,000        To Bank A/C         ₹10,000 (Takeover of loan)

Realisation A/C Dr  ₹10,000    To Amit's Capital A/c     ₹10,000 (Takeover of loan)

Realisation A/C Dr- 10,000    To Amit's Capital A/c - 10,000 (Takeover of loan)