On dissolution of a firm, a partner took over ₹17,000 investments for ₹14,000. Which one of the following account will be debited/credited with how much amount?

Partner's Capital Account Debit with ₹14,000

The correct answer is option 4- Partner's Capital Account Debit with ₹14,000.

For an asset taken over by a partner, journal entry will be:
Partner’s Capital A/c Dr. 14,000
      To Realisation A/c 14,000

Realisation amount or tookover amount is 14,000 and entry is passed for that amount in the accounts. Partners capital account is debited as his capital balance is reduced by that amount.