O-LevelCommerceBankingMay/June 2010Paper 1 Q341 Mark
The diagram shows a partly completed bank statement. [Figure 34.1] Bank Statement Credit $ Debit $ Balance $ May 1 Balance b/f 200 May 6 Cheque 456873 50 150 May 14 Direct Debit 100 50 May 16 Salary 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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