At the time of admission of a new partner, in the case of fixed capital method, if the sacrificing partner withdraw their amounts of goodwill (in full or in part), the following journal entry will be recorded:-

Sacrificing Partners' Current A/c Dr.
           To Bank A/c

The correct answer is option 2- 
Sacrificing Partners' Current A/c Dr.
           To Bank A/c 

Under the fixed capital method, the Capital Account remains unchanged, and all adjustments are recorded through the Current Account.

At the time of admission of a new partner:

• The incoming partner contributes their share of goodwill.
• This amount is credited to the Current Accounts of the sacrificing partners in their sacrificing ratio.
• Since the capital balances are kept fixed, no entry is made in the Capital Accounts.

When goodwill is withdrawn by the partners then their capital accounts are debited and bank/cash account is credited as bank/cash balance is reduced by that amount and their capital balance also and if capital account is maintained by fixed capital method, then current account is used not capital account. Goodwill is shared in sacrificing ratio between sacrificing partners. So, journal entry will be-
Partner's Current A/c (Sacrificed partner)
    To Bank/Cash A/c

The amount of premium brought in by the new partner is shared by the existing partners in their ratio of sacrifice. If the amount is paid through the firm, the following journal entries are passed:
(i) Bank A/c
    To Premium for Goodwill A/c
(Amount brought by new partner as premium)

(ii) Goodwill A/c
   To Sacrificing Partners Current A/c (Individually)
(Goodwill distributed among the existing partners’ in their sacrificing ratio).

If the partners decide to withdraw their amounts, (in full or in part) the following additional entry will be passed:
(iii) Existing Partner’s Current A/c (Individually) Dr.
    To Bank A/c
(The amount of goodwill withdrawn by the existing partners)