Use the Information Given Below to Answer the Following Questions

question 13

Multiple Choice

Use the information given below to answer the following questions:
Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2011, debtors owed $4000, and $7200 was owing to creditors. Transactions for year ended 30 June 2012 were as follows:
$$\begin{array} { l r } \text { }&\$\\\text { Credit sales } & 14000 \\\text { Cash sales } & 3000 \\\text { Credit purchases } & 23000 \\\text { Cash purchases } & 1500 \\\text { Cash received from debtors } & 11000 \\\text { Cash paid to creditors } & 25000\end{array}$$
-What was the balance of the creditors control account at 30 June 2012?

• A) $5200
• B) $5500
• C) $6000
• D) $9200

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Definitions:

Reinforce

The act of strengthening or encouraging a behavior, skill, or belief through various forms of feedback and rewards.

Managers Build

The process by which managers create or enhance structures, teams, and relationships within organizations to achieve goals and improve performance.

External Adaptation

Refers to how organizations adjust and respond to changes in their external environment to ensure survival and growth.

Internal Integration

The process within organizations of combining and coordinating the efforts and resources of different departments or units to achieve unity of effort and consistent objectives.