O-LevelCommerceBankingMay/June 2013Paper 1 Q351 Mark

Alice has an overdraft facility on her current account. At the beginning of a month Alice had an overdraft of $650. A cheque for $150 was debited to the account and a salary of $1480 was paid in. What is the balance on the account?

Q: What is the correct answer to this O-Level Commerce question?

The correct answer is C: $680 CR.

Q: What topic does this question test?

This question tests Banking in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

A$1980 OD

B$800 OD

C$680 CR

D$830 CR

✓ Correct Answer

The correct answer is C: $680 CR

📋 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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About This O-Level Commerce Question

Topic

This multiple-choice question tests Banking in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce May/June 2013 examination, Paper 1 Variant 2.

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