Gum Ltd Maintains Subsidiary Ledgers for Debtors and Creditors

question 5

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 creditors control account at 30 June 2016?

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

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Definitions:

Active Listening

A technique of listening that involves paying full attention to the speaker, understanding their message, responding appropriately, and remembering the discussion, indicating respect and empathy.

Listening Level

The degree of attention and understanding demonstrated when receiving and processing information auditorily.

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.

Visual Aids

Tools such as charts, diagrams, videos, and models used to enhance understanding or retention of information.