On dissolution of the firm, Partner's capital A/c are closed through:

The correct answer is Option (4) → Bank Account

After all assets are realised and liabilities paid, the balance due to each partner is paid in cash. The entry Partner’s Capital A/c Dr To Bank A/c brings every capital account to nil, so the capital accounts are closed through the Bank Account.

Option (1) Realisation Account — Incorrect. Only the profit or loss on realisation is transferred from it to the capital accounts.

Option (2) Partner's Capital Account — Incorrect. An account cannot be closed through itself.

Option (3) Partner's Current Account — Incorrect. Current accounts are themselves closed by transfer to the capital accounts.