Comprehension:Read the financial details from the preceding text carefully.For taking over half of the investments, Bharat's Capital Account will be:

Let's compute the value at which Bharat took over the investments:Total book value of Investments = ₹ $20,000$ Book value of half of the investments $=\frac{1}{2}\times ₹20,000=₹10,000$ Discount rate agreed = $10\%$ Value at which it is taken over $=₹10,000-(10\%\text{ of }₹10,000)=₹10,000-₹1,000=₹9,000$ When a partner takes over an asset during dissolution, their Capital Account is reduced. Therefore, Bharat's Capital Account will be debited by ₹ $9,000$ (Journal Entry: $\text{Bharat’s Capital A/c Dr. To Realisation A/c}$).