Step 1: Find the direction ratios.
The direction ratios of the line are given by the difference between the coordinates of points \( A \) and \( B \):
\[
\text{Direction ratios} = (1 - 3, -1 - 4, 6 - (-7)) = (-2, -5, 13).
\]
Step 2: Write the parametric equations.
The parametric equations of the line are given by:
\[
x = x_1 + \lambda a, \quad y = y_1 + \lambda b, \quad z = z_1 + \lambda c,
\]
where \( (x_1, y_1, z_1) \) is the point \( A(3, 4, -7) \), and \( (a, b, c) \) is the direction ratio vector \( (-2, -5, 13) \).
Thus, the parametric equations of the line are:
\[
x = 3 - 2\lambda, \quad y = 4 - 5\lambda, \quad z = -7 + 13\lambda.
\]
Step 3: Conclusion.
The parametric equations are \( x = 3 - 2\lambda \), \( y = 4 - 5\lambda \), and \( z = -7 + 13\lambda \), which corresponds to option (A).