Foundation November 2018 Paper 2 Q6
6
(a) Complete the bank statement. [3 marks]
| Date | Description | Credit (£) | Debit (£) | Balance (£) |
|---|---|---|---|---|
| 01/09/18 | Starting balance | 1140.79 | ||
| 06/09/18 | Car repairs | 256.00 | ||
| 17/09/18 | Gas bill | 87.31 | ||
| 24/09/18 | Salary | 2069.75 |
(b) Write down the meaning of ‘Debit’ as used in the bank statement. [1 mark]
| Answer | Mark | Comments |
|---|---|---|
| 884.79 | B1 | |
| 797.48 | B1ft | ft their 884.79 – 87.31 |
| 2867.23 | B1ft | ft their 797.48 + 2069.75 or their 884.79 + 1982.44 |
Additional guidance
| B3 | |||||||||||||||||||||||||
| Condone £ signs and/ or p | ||||||||||||||||||||||||||
| Ignore working in shaded cells | ||||||||||||||||||||||||||
| Do not accept 2.867.23 for the final value | ||||||||||||||||||||||||||
| Mark the table but be aware of possible transcription errors from other working | ||||||||||||||||||||||||||
| Only cell completed is the final one with 2867.23 | B0B0B1 |
| Answer | Mark | Comments |
|---|---|---|
| Correct definition eg money that comes out of your account an amount that comes off your balance something that you’ve paid | B1 | accept (amount you) subtract |
Additional guidance
| Do not accept a correct response with an incorrect response but you can ignore any description of credit alongside a correct response | |
| Money spent / paid / deducted / subtracted / going out / withdrawn | B1 |
| Comes out of your account / comes off balance / comes out of the bank | B1 |
| Condone description of direct debit eg amount paid regularly / money withdrawn monthly / paid out each month / paid frequently / money that needs to be paid / money you will have to pay | B1 |
| Do not accept description of debt or use of the word ‘owe’ eg something that you owe, money owed for bills, what you owe the bank, how much you spent on debt | B0 |
| Do not accept description of cost or discount eg how much it costs, something that is taken off the price, money taken off the cost | B0 |
| Other unacceptable answers are eg spending money on a card directly from your bank, borrowed from the bank, your own money that is not borrowed, monthly charge, loss of money | B0 |