There was an asset of ₹5,000 which was taken over by a partner at ₹2,500 at the time of dissolution of partnership firm. Partner's Capital Account will be debited by...........

₹2,500

The correct answer is option 1- ₹2,500.

For an asset taken over by a partner, the following journal entry is passed-
Partner’s Capital A/c Dr.  ₹2,500
       To Realisation A/c           ₹2,500

The partner is receiving an asset worth ₹2,500 (as per the agreement), so their capital account is debited by ₹2,500- the value at which the partner took over the asset, not its original or market value. It means partners capital account is reduced by this amount.