Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed $4 000, and creditors were owed $7 200. Transactions for year ended 30 June 2019 were as follows: What was the balance of the creditors' control account at 30 June 2019?
A) $5 200
B) $5 500
C) $6 000
D) $9 200

Question

Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed $4 000, and creditors were owed $7 200. Transactions for year ended 30 June 2019 were as follows:  What was the balance of the creditors' control account at 30 June 2019?
A) $5 200 
B) $5 500 
C) $6 000 
D) $9 200

Quizplus · Accepted Answer

The Answer of Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed $4 000, and creditors were owed $7 200. Transactions for year ended 30 June 2019 were as follows:  What was the balance of the creditors' control account at 30 June 2019?
A) $5 200 
B) $5 500 
C) $6 000 
D) $9 200

Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors