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Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors

Question 16

Multiple Choice

Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed $4 000, and creditors were owed $7 200. Transactions for year ended 30 June 2019 were as follows: Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed $4 000, and creditors were owed $7 200. Transactions for year ended 30 June 2019 were as follows: What was the balance of the debtors' control account at 30 June 2019? A) $3 000 B) $7 000 C) $10 000 D) $14 000 What was the balance of the debtors' control account at 30 June 2019?


A) $3 000
B) $7 000
C) $10 000
D) $14 000

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