If the partner's capital accounts are fixed, where will you record dr…

The correct answer is Option (2) → Debit side of Partner's Capital A/c

Under the fixed capital method, the capital account changes only when capital is introduced or withdrawn. Ordinary drawings go to the current account, but drawings made out of capital are a withdrawal of capital, so they are debited to the capital account.

Option (1) Debit side of Partner's Current A/c — Incorrect. That is where ordinary drawings against profit go, not a withdrawal of capital.

Option (3) Credit side of Partner's Capital A/c — Incorrect. The credit side records capital introduced, not withdrawn.

Option (4) Credit side of Partner's Current A/c — Incorrect. Credits to the current account are items such as profit share, salary or interest on capital.