Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners. Which among the following is NOT a feature of the fixed capital method?

Let us systematically evaluate the rules governing the Fixed Capital Method:Statement A: The capital account registers only initial capital, additions, and permanent drawings. Because capital cannot be overdrawn beyond its available balance under normal operating covenants, it will always show a credit balance. This is a correct feature.Statement B: Routine operating adjustments like interest on capital, salary, commission, and standard drawings are systematically routed through the Partner's Current Account. This is a correct feature.Statement C: Under this method, two separate accounts are opened for each partner, namely:Partner's Capital AccountPartner's Current AccountThe statement says "two capital accounts are maintained", which is semantically incorrect and misleading.Statement D: Depending on whether cumulative drawings and losses exceed earnings/appropriations, the partner's current account balance may show either a debit or a credit balance. This is a correct feature.Hence, Statement C stands as the false/incorrect feature.