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FAC1503
Financial Accounting Principles for Law Practitioners
MEGA EXAMPACK
ASSIGNMENT QUESTIONS &
MEMO’S + NOTES & SUMMARIES.
SEMESTER 1 - 2023
Includes Footnotes and/or Bibliography
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Preview…
Question 1
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following statements regarding the rules of the trust bank account
are incorrect when funds are transferred from the trust account to the business
account?
Select one:
a.
Surplus clients’ trust funds may be transferred from the trust bank account to a
separate trust savings account or other interest-bearing account.
b.
The trust bank account should always reflect a debit balance to ensure no
irregularity occurs.
c.
The amount drawn from the trust bank account may exceed the amount kept in
trust on behalf of the client.
d.
Funds may be transferred from the trust bank account to the business bank
account when applying the required requirements.
Feedback
Refer to learning unit 6.2
SELLING” memos for the year 2021/2022.
FAC1503
Financial Accounting Principles for Law Practitioners
MEGA EXAMPACK
ASSIGNMENT QUESTIONS &
MEMO’S + NOTES & SUMMARIES.
SEMESTER 1 - 2023
Includes Footnotes and/or Bibliography
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any representations
or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. No part of this
document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the Author. –
LLB EXAMPACKS & TUTORIALS.
PAST PAPERS & MEMOS, ASSIGNMENT MEMOS, NOTES, SUMMARIES & TUITONS.
Cell: 074 074 3729 Email:
Fax: 086 096 5452 www.llbexampacksandtutorials.co.za
, LLB EXAMPACKS & TUTORIALS HAS GOT YOUR BACK!
We provide you with professional University Homework Help, which are always custom
Assignment/Portfolio Guidelines for University Students like you. Our Degree-holding
Law Tutors are dedicated to your privacy, your success & your deadlines for
Assignments/Portfolios.
➢ Our private tutors are available online 24/7!
➢ 100% pass rate!
➢ We provide assistance with all LLB modules as well as other Degrees.
➢ We provide all the resources you need.
➢ Affordable rates.
➢ We have well experienced professional tutors with more than 10 years of experience.
➢ All of our work is fully referenced.
➢ Request a FREE* word document format for any Assignment at
Contact us today for more information and bookings for this Semester!
WhatsApp: - 074 074 3729
E-mail:
, lOMoARcPSD|5423441
Preview…
Question 1
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following statements regarding the rules of the trust bank account
are incorrect when funds are transferred from the trust account to the business
account?
Select one:
a.
Surplus clients’ trust funds may be transferred from the trust bank account to a
separate trust savings account or other interest-bearing account.
b.
The trust bank account should always reflect a debit balance to ensure no
irregularity occurs.
c.
The amount drawn from the trust bank account may exceed the amount kept in
trust on behalf of the client.
d.
Funds may be transferred from the trust bank account to the business bank
account when applying the required requirements.
Feedback
Refer to learning unit 6.2
