Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors

question 9

Multiple Choice

Gum Ltd maintains subsidiary ledgers for debtors and creditors.At 1 July 2015,debtors owed $4000,and $7200 was owing to creditors.Transactions for year ended 30 June 2016 were as follows:
- What was the balance of the debtors control account at 30 June 2016?

• A) $3000
• B) $7000
• C) $10 000
• D) $14 000

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Definitions:

Traveler's Diarrhea

A digestive tract disorder characterized by sudden onset of loose stools and abdominal cramps, affecting travelers usually due to ingestion of contaminated food or water.

Dehydration

A condition resulting from excessive loss of body fluids, leading to an imbalance of water and electrolytes, affecting bodily functions.

Tenting

A technique to assess skin turgor by pinching the skin to see if it "tents" or stands up, indicating dehydration.

Clubbing

A physical deformity of the fingers or toes, often indicative of underlying diseases such as lung disorders.