The diagram shows a partly completed bank statement. [Figure: Bank Statement table with Credit, Debit, Balance columns and entries for May 1, 6, 14, 16] The amount of the salary paid into the account was $700. Which is the correct entry for May 16?
✓ Correct Answer
The correct answer is B: $700 would be entered in the Credit column and the balance would be $750.
📋 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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