Which account is affected on the transaction 'Withdrawn by owner for personal use ₹15,000'?

Both 1 and 2

The correct answer is option 3- Both 1 and 2.

It affects Cash on the asset side and Capital on the other hand. There is decrease in Cash by ₹15,000 on the assets side as it is withdrawn from the business whereas capital decreases by ₹15,000 as money invested in the business by the owner is reduced after drawings made by owner.