O-LevelCommerceBanking7100/12 · Oct/Nov 2022 · Q311 Mark
The diagram shows a partly completed bank statement. [Figure 31.1, a table with columns 'credit $', 'debit $', 'balance $' and rows for dates: '1 October balance b/f 200', '6 October cheque 456873 50 150', '14 October direct debit 100 50', '16 October salary']. The amount of salary paid into the account was $700. What is the correct entry for 16 October?
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A$700 in the credit column and the balance would be $650
B$700 in the credit column and the balance would be $750
C$700 in the debit column and the balance would be $650 overdrawn
D$700 in the debit column and the balance would be $750 overdrawn
✓ Correct answer
B: $700 in the credit column and the balance would be $750
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