During dissolution, assets realized in cash are debited to Bank Account. Assets taken over by partners are adjusted against their capital accounts and don't pass through the Bank Account.
Assets realized in cash (debited to Bank):
Debtors realized: ₹38,000
Buildings realized: ₹1,30,000
Goodwill sold: ₹12,000
Remaining Investment sold: ₹9,000
Total debited to Bank Account = ₹38,000 + ₹1,30,000 + ₹12,000 + ₹9,000 = ₹1,89,000
Assets NOT debited to Bank (taken over by partners):
- Stock taken by Ashwani: ₹8,000
- Half investment taken by Bharat: ₹9,000 (10% less of ₹10,000)
- Typewriter taken by Bharat: ₹600
These are directly adjusted in the partner's capital accounts, hence no bank entry is made.
The correct answer is Option 1: ₹1,89,000