O-LevelCommerceFinanceOct/Nov 2018Paper 1 Q121 Mark
The diagram shows a statement of account. HH Wholesalers Ltd Moorgate Road Anywhere OO Retailers Ltd 784 Brightside Anytown May 2018 Date Details Debit $ Credit $ Balance $ 30 April Balance b/f 200.00 01 May Invoice No. 627 50.00 250.00 05 May Credit Note No. 45 10.00 240.00 06 May Cheque 200.00 40.00 26 May Invoice No. 695 600.00 X What is the value of X?
A-$560.00
B$440.00
C$640.00
D$730.00
✓ Correct Answer
The correct answer is C: $640.00
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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