Multiple Choice
Use the information given below to answer the following questions:
Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2011, debtors owed $4000, and $7200 was owing to creditors. Transactions for year ended 30 June 2012 were as follows:
-What was the balance of the creditors control account at 30 June 2012?
A) $5200
B) $5500
C) $6000
D) $9200
Correct Answer:

Verified
Correct Answer:
Verified
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