Solicitor accounts Study guides, Revision notes & Summaries
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BLP REVISION NOTES EXAM WITH BEST SOLUTIONS
- Exam (elaborations) • 51 pages • 2023
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BLP REVISION NOTES EXAM WITH BEST SOLUTIONS 
 
 
CONTENTS 
i)	SRA 10 Principles, The Code of Conduct, Undertakings & Anti-Money Laundering 
ii)	FSMA 2000 – Regulated Activities (ch.17 LF textbook) 
iii)	Business Accounts 
iv)	Partnership (1) 
v)	Partnership (2) 
vi)	Overview of different business structures; advantages and disadvantages 
vii)	Separate legal personality and groups of companies 
viii)	Director’s Powers & Authority – Decision making (list of Ds vs SHs decision making) 
ix)	Di...
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SUMMARY SOLICITORS ACCOUNTS EXAM TEST (QUESTIONS AND ANSWERS) UPDATED
- Exam (elaborations) • 10 pages • 2024
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what system is used for recording solicitors accounts? - CORRECT ANSWER-double 
entry bookkeeping 
what are the two aspects of every financial transaction to be logged? - CORRECT 
ANSWER-Debit DR 
Credit CR 
what are the two aspects if the firm pays cash to buy premises? - CORRECT ANSWER1. firm has less cash 
2. firm has acquired an asset in the form of premises 
examples of what will go in the left/debit side column? - CORRECT ANSWER-expense 
incurred 
asset acquired/increased 
liability...
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LPC University of Law Solicitor Accounts Distinction Level
- Other • 23 pages • 2022
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Efficient, effective exam notes for the Solicitors Accounts Exam 
I achieved a grade of 87% in my solicitors accounts exam thanks to these notes 
University of law 2021/22
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Wills for SQE1 FLK2
- Summary • 20 pages • 2022
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notes based on Barbri prep course and external resources - wills, validity, UK law, capacity, variation, probate
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SUMMARY (FOUNDATIONS OF SOLICITORS’ ACCOUNTS) ELABORATED EXAM
- Exam (elaborations) • 5 pages • 2024
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What are the SRA Accounts Rules ('the Rules')? - CORRECT ANSWER--The SRA 
Accounts Rules 2019. This version has been in effect since November 2019 and can be 
found on the SRA website. 
-The Rules govern how law firms operate their accounting systems, and focus 
specifically on safeguarding money belonging to clients and others 
Who do the SRA rules apply to? - CORRECT ANSWER-These rules apply to everyone 
involved in a business that provides legal services, irrespective of their level. 
...
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FLK2 MCQS SUMMARY SOLICITORS ACCOUNTS EXAM (ELABORATED QUESTIONS AND ANSWERS) LATEST
- Exam (elaborations) • 58 pages • 2024
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FLK2 MCQS SUMMARY SOLICITORS 
ACCOUNTS EXAM (ELABORATED 
QUESTIONS AND ANSWERS) LATEST 
The solicitor should pay the whole of the sum into client account and promptly transfer 
£800 to business account 
When there is a mixed payment of client money and non-client money, it must be paid 
into client account, and the non-client money transferred to business account. - 
CORRECT ANSWER-A solicitor acts for a residential buyer, and the transaction is 
nearing simultaneous exchange and completio...
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SUMMARY SOLICITOR ACCOUNTS EXAM REVIEW (QUESTIONS AND ANSWERS)
- Exam (elaborations) • 11 pages • 2024
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SUMMARY SOLICITOR ACCOUNTS 
EXAM REVIEW (QUESTIONS AND 
ANSWERS) 
What is the overarching objective? - CORRECT ANSWER-Rule 1.1 of the SRA 
Accounts Rules: "The purpose of these rules is to keep client money safe." 
What is the main way in which the Rules seek to achieve the overarching objective? - 
CORRECT ANSWER-Rule 1.2(1): By requiring the firm to keep other people's money 
separate from the firm's own money 
What is the fundamental rule concerning client money & office money? - CORR...
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IACCP Master Questions Bank with Answers 100% solved Rated A+
- Exam (elaborations) • 40 pages • 2023
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IACCP Master Questions Bank with Answers 100% solved Rated A+IACCP Master Questions Bank with Answers 100% solved Rated A+ 
Contains marking scheme 
 
The SMC Capital, Inc. No-Action Letter (September 5, 1995) states that trade allocations may occur: 
A. Only on a rotational basis 
B. On a pro rata basis but other allocation methods can be used without violating the Advisers Act 
C. Only on a pro rata basis 
D. Based on the trader's good faith discretion – 
Which of the following should ...
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ACAMS Exam 344 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 69 pages • 2023
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ACAMS Exam 344 Questions with Verified Answers 
 
 
2 ways remittance services can foster ML - CORRECT ANSWER • Packages containing large cash sums and even drugs anonymously. 
• Another technique commonly used by money remitters and currency exchanges is for the broker to make the funds available to the criminal organization at the destination country in the local currency. 
 
2 Ways to launder money in Real Estate - CORRECT ANSWER • By way of chain transactions in real estate to cloak th...
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Sample Questions - Trusts
- Exam (elaborations) • 21 pages • 2023
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Sample Questions - Trusts 
Question 1 
Under the terms of a valid will, a woman appointed her son to hold her residuary estate on trust ‘for 
such promising young tennis players living in Wales and in such shares as [my son] thinks fit’. The 
woman was a past Chair of a tennis club and grew up in Cardiff. Her residuary estate was made up of 
money held in various UK bank accounts. 
The woman’s son asks a solicitor whether this trust is valid. The son wants to carry out the woman’s 
wishe...
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