Dissolution Of Partnership

Step 1: Understand the process of asset transfer in a partnership.
When an asset is taken over by a partner, the asset is debited to the Realisation account, as it is a part of the dissolution process.

Step 2: Evaluate the options.
- Realisation: Correct, as it reflects the transfer of assets and liabilities during dissolution. - Cash/Bank: Not applicable in this context. - Capital: Not the correct account for asset transfer. - Loan: Does not apply in asset transfer scenarios.

Step 3: Conclusion.
Thus, the correct account is Realisation.

Final Answer:

Step 1: Understand dissolution expenses.
Dissolution expenses are incurred when closing or liquidating a business, and they are credited to the Realisation account.

Step 2: Evaluate the options.
- Realisation: Correct answer, as dissolution expenses are credited here. - Cash/Bank: These are used for paying dissolution expenses, not for crediting. - Capital: Would not be credited with dissolution expenses. - Loan: Not applicable for dissolution expense crediting.

Step 3: Conclusion.
Hence, the correct account is Realisation.

Final Answer: