B's current account opened with a Rs 5,000 debit balance. During the year his profit share was Rs 18,000 and partner's salary Rs 6,000 (both credited); drawings were Rs 11,000 and interest on drawings Rs 800 (debited). What is the closing balance?

Correct answer: Rs 7,200 credit

Credits are profit share and partner's salary: Rs 18,000 + Rs 6,000 = Rs 24,000. Debits are opening debit balance + drawings + interest on drawings: Rs 5,000 + Rs 11,000 + Rs 800 = Rs 16,800. Subtracting gives Rs 24,000 − Rs 16,800 = Rs 7,200 credit as the closing balance. Option B shows the same amount with the wrong sign (debit), which is a common error. Exam tip: always total credits and debits separately, then subtract smaller from larger and attach the correct debit/credit sign.