Concept:Under the fixed capital method, the partner's capital account stays fixed, while all share of profits and other items are recorded in a current account.
Explanation:In the fixed capital method, the capital account is credited only with the original contribution or any permanent addition or reduction of capital.
So, the balance of the capital account does not change periodically.
The profit or loss for the year is first transferred to the profit and loss appropriation account.
There, the profit is shared among partners according to their agreed profit-sharing ratio, and any salaries, interest, or remunerations due to partners are also calculated.
After these calculations, each partner's share of profit and any remuneration is credited to that partner's separate current account.
The current account also records deductions such as drawings and interest on drawings.
This system keeps the capital account fixed, and it is the current account that varies from year to year.
Answer:A. current account.