GH Traders wrote off R1 750 which represented 20% of the amount owed by a...
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Accounting
GH Traders wrote off R1 750 which represented 20% of the amount owed by a debtor. The debtor settled the balance on her account by means transfer. These transactions have not yet been recorded. Which of the following statements is correct in respect of the above transactions? 4 O A. The amount received from the debtor was R1 400. O B. The debtor owed R8 750. O C. The Debtors Control account will decrease by R7 000. O D. The Bank account will be credited with R7 000.
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