Wrigley Ltd uses subsidiary ledgers for debtors and creditors.At 1 July 2015 debtors owed $7000 and creditors were owed $4000.Transactions for year ended 30 June 2016 were as follows:
- What was the balance of the creditors control account at 30 June 2016?
A) $11 500
B) $6500
C) $5500
D) $6000

Question

Wrigley Ltd uses subsidiary ledgers for debtors and creditors.At 1 July 2015 debtors owed $7000 and creditors were owed $4000.Transactions for year ended 30 June 2016 were as follows: 
- What was the balance of the creditors control account at 30 June 2016?
A) $11 500 
B) $6500 
C) $5500 
D) $6000

Quizplus · Accepted Answer

The Answer is C

Wrigley Ltd Uses Subsidiary Ledgers for Debtors and Creditors