Which among the following is not the feature of a fixed capital metho…

The correct answer is Option (3) → The capital account shows debit balance.

Under the fixed capital method, each partner has a capital account and a current account. Only capital introduced or withdrawn passes through the capital account, so it always shows a credit balance. A debit balance can arise only in the current account (or in the single capital account of the fluctuating method).

Option (1) Under this method, two separate accounts are maintained for each partner, viz., 'capital account' and 'current account'. — A feature of the fixed capital method. The two accounts are what keep the capital fixed.

Option (2) Drawings, salary, interest on capital, etc. are posted (transferred) in the current accounts and not in the capital accounts. — A feature of the fixed capital method. All periodic adjustments go to the current account.

Option (4) The capital account balance remains unchanged unless there is an addition to or withdrawal of capital. — A feature of the fixed capital method. That is why the method is called fixed.