Accumulated losses are transferred to ________ in ________ at the tim…

The correct answer is Option (2) → Partner's Capital A/c, Old Ratio

Accumulated losses (a debit balance of Profit and Loss Account) were made when the old partnership was running, so on dissolution they are written off to the partners’ capital accounts in their profit sharing ratio – the ratio in force before dissolution, called the old ratio here.

Option (1) Realisation A/c, Equal Ratio — Incorrect. The Realisation Account takes only assets and outside liabilities.

Option (3) Revaluation A/c, Equal Ratio — Incorrect. No Revaluation Account is prepared on dissolution.

Option (4) Partner's Capital A/c, Equal Ratio — Incorrect. Equal sharing applies only if there is no agreed ratio.