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 creditors control account at 30 June 2016?
A) $5200
B) $5500
C) $6000
D) $9200

Question

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 creditors control account at 30 June 2016?
A) $5200 
B) $5500 
C) $6000 
D) $9200

Quizplus · Accepted Answer

The Answer of 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 creditors control account at 30 June 2016?
A) $5200 
B) $5500 
C) $6000 
D) $9200

Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors