Multiple Choice
Use the information given below to answer the following questions:
Features Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2011, debtors owed $10 000, creditors were owed $7300, and the balance in allowance for doubtful debts was $250. Transactions for the year ended 30 June 2012 were as follows:
-What was the balance of the creditors control account at 30 June 2012?
A) $14 100
B) $15 300
C) $214 100
D) $8 000
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Use the information given below to
Q14: In posting the total of the cash
Q15: Use the information given below to
Q16: Which of these items is the source
Q18: Use the information given below to
Q18: The general ledger account representing the subsidiary
Q19: Use the information given below to
Q19: 'Accounts receivable' is a credit column in
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Q23: A credit balance in a customer's account