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Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors

Question 9

Multiple Choice

Gum Ltd maintains subsidiary ledgers for debtors and creditors.At 1 July 2015,debtors owed $4000,and $7200 was owing to creditors.Transactions for year ended 30 June 2016 were as follows: Gum Ltd maintains subsidiary ledgers for debtors and creditors.At 1 July 2015,debtors owed $4000,and $7200 was owing to creditors.Transactions for year ended 30 June 2016 were as follows: - What was the balance of the debtors control account at 30 June 2016? A) $3000 B) $7000 C) $10 000 D) $14 000
- What was the balance of the debtors control account at 30 June 2016?


A) $3000
B) $7000
C) $10 000
D) $14 000

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