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.

Accumulated losses are transferred to Partner's Capital A/c in  Old Ratio at the time of dissolution of firm.

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.

For transfer of accumulated losses in the form of debit balance of profit and loss to partners’ capital accounts in their profit sharing ratio:
Partners’ Capital A/c (individually) Dr.
      To profit and loss A/c