A firm follows the fixed capital method. Which combination correctly describes the closing balances?

1. Under the fixed capital method the capital account carries only capital introduced and capital permanently withdrawn. 2. Nothing in that narrow set can push it into deficit, so the textbook states it will always show a credit balance. 3. The current account absorbs drawings, interest on drawings and any share of loss, alongside interest on capital, salary, commission and share of profit. 4. It can therefore end either way, and the book notes the closing balance may be either credit or debit for a partner. 5. A credit current balance is shown on the liabilities side of the balance sheet and a debit balance on the assets side. 6. Under the fluctuating method, by contrast, the single capital account generally shows a credit balance but may also show a debit balance. _Source: TN HSC Class 12 Accountancy (Samacheer Kalvi, Govt of Tamil Nadu), Unit 3 "Accounts of Partnership Firms - Fundamentals", §3.6.1 and §3.6.3_