The correct answer is A. Capital account.
Capital account is a general ledger account that represents the owner’s equity in a business. It is a permanent account, which means that it is not closed at the end of each accounting period. The capital account is increased by owner contributions and retained earnings, and decreased by withdrawals and losses.
Fixed liabilities are long-term debts that are not due to be paid within one year. They include loans, mortgages, and bonds. Fixed liabilities are typically shown on the balance sheet as long-term debt.
Loans and advances are short-term debts that are due to be paid within one year. They include accounts payable, notes payable, and accrued expenses. Loans and advances are typically shown on the balance sheet as current liabilities.
Current liabilities are debts that are due to be paid within one year. They include accounts payable, notes payable, and accrued expenses. Current liabilities are typically shown on the balance sheet as current liabilities.
In conclusion, capital account is the correct answer because it represents the owner’s equity in a business.