O-LevelCommerceBankingMay/June 2010Paper 1 Q331 Mark
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?
A$700 would be entered in the Credit column and the balance would be $650.
B$700 would be entered in the Credit column and the balance would be $750.
C$700 would be entered in the Debit column and the balance would be $650 overdrawn.
D$700 would be entered in the Debit column and the balance would be $750 overdrawn.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of banking within the Commercesyllabus. The examiner's mark scheme requires...
📋 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...
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