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Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors

question 17

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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?


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