Accumulated losses are transferred to ________ in ________ at the time of dissolution of firm.

Partner's Capital A/c, Old Ratio

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

For transfer of accumulated profits in the form of general reserve to partners’ capital accounts in their profit sharing ratio:
General Reserve A/c Dr.
      To Partners’ Capital A/c (individually)

* It is transferred to partners in their old ratio as per given in the question.