Which among the following is not the feature of a fixed capital method by which the capital accounts of partners can be maintained?

The capital account shows debit balance.

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

The capital account shows debit balance is not the feature of a fixed capital method by which the capital accounts of partners can be maintained.  The capital account shows credit balance. 

In the fixed capital method, the partners' capital remains unchanged unless there are agreed-upon introductions or withdrawals of capital. All financial aspects such as profit or loss share, interest on capital, drawings, and interest on drawings are recorded separately in the Partner's Current Account. Partner's current account is debited with items like interest on drawings, share in loss and credited with interest on capital, salary, commission etc. The capital accounts of the partners always maintain a fixed credit balance, except when there are capital changes. Withdrawal of capital is debited to capital account and additional capital introduced by partner is credited to capital account. In contrast, the partners' current accounts may show either a debit or credit balance.