GH Traders wrote off R1 750 which represented 20% of the amount owed by a debtor. The debtor settled thebalance on her account by means of an electronic funds transfer. These transactions have not yet been recorded.Which of the following statements is correct in respect of the above transactions?OA. The Debtors Control account will decrease by R7 000.OB. The debtor owed R8 750.OC. The Bank account will be credited with R7 000.OD. The amount received from the debtor was R1 400.

GT traders wrote off R 1750, which represents 20% of the amount owed by the debtor.Hence Total…

Answered: GH Traders wrote off R1 750 which…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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14 )
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