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O-LevelCommerceBanking7100/12 · May/June 2023 · Q281 Mark

A bank is preparing the latest statement for NN Ltd. Initial balance: $5430. Table data: DATE: 6 May, DETAILS: cheque 100 207, DEBITS: $25, CREDITS: $, BALANCE: $5405. DATE: 10 May, DETAILS: cheque 102 068, DEBITS: $45, CREDITS: $, BALANCE: $5360. DATE: 16 May, DETAILS: credit transfer, DEBITS: $260, CREDITS: $, BALANCE: $5100. DATE: 20 May, DETAILS: cash deposit, DEBITS: $, CREDITS: $400, BALANCE: $5500. DATE: 31 May, DETAILS: direct debit, DEBITS: $900, CREDITS: $, BALANCE: $. What is the balance on 31 May?

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A$4460
B$4600
C$6090
D$6400

✓ Correct answer

B: $4600

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2023 Paper 1 Variant 2, question 28.

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