Unrecorded Assets in Realisation Account
Unrecorded assets taken over by any creditor will be credited to the realisation account. This process involves transferring the value of these unrecorded assets to the realisation account in order to accurately reflect the financial position of the company during liquidation.

Explanation
When a company goes into liquidation, all its assets are realised and used to pay off its creditors. In some cases, there may be unrecorded assets that were not included in the company's financial statements. These assets could include items such as inventory, equipment, or property that were not properly accounted for.
If a creditor takes over these unrecorded assets as part of the liquidation process, the value of these assets will be credited to the realisation account. This ensures that the company's financial statements accurately reflect the value of all assets that are being used to pay off creditors.
By crediting the value of unrecorded assets to the realisation account, the company's liquidators are able to provide a complete and transparent account of the company's financial position during the liquidation process. This helps to ensure that all creditors are treated fairly and that the company's assets are distributed in accordance with the law.
In conclusion, crediting unrecorded assets taken over by creditors to the realisation account is an important step in the liquidation process. It helps to ensure transparency and fairness in the distribution of assets to creditors.