Solicitor accounts Study guides, Revision notes & Summaries
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SUMMARY SOLICITORS ACCOUNTS EXAM TEST (QUESTIONS AND ANSWERS) UPDATED
- Exam (elaborations) • 10 pages • 2024
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SUMMARY SOLICITORS ACCOUNTS 
EXAM TEST (QUESTIONS AND 
ANSWERS) UPDATED 
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?...
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IACCP Final Exam Questions With Answers | Latest Update 2023-2024 (GRADED)
- Exam (elaborations) • 14 pages • 2023
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Which THREE persons or firms may be excluded from having to register under the 
Investment Advisers Act of 1940? (Choose three.) 
A. Accountants whose advisory services pertain solely to incidental financial 
planning. 
B. Persons or firms whose advice and reports are related solely to U.S. government 
securities. 
C. Publishers of generally circulated, bona fide newspapers or financial journals. 
D. Domestic banks and bank holding companies. - Answer B. Persons or firms 
whose advice and report...
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IACCP (QE) - QUESTIONS AND ANSWERS
- Exam (elaborations) • 12 pages • 2022
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IACCP (QE) - QUESTIONS AND ANSWERS Which THREE persons or firms may be excluded from having to register under the Investment Advisers Act of 1940? (Choose three.) A. Accountants whose advisory services pertain solely to incidental financial planning. B. Persons or firms whose advice and reports are related solely to U.S. government securities. C. Publishers of generally circulated, bona fide newspapers or financial journals. D. Domestic banks and bank holding companies. Which activity is NOT ma...
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SCCJA Pre-Academy Block 1 Practice Questions and Answers | Latest Update 2023-2024
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SCCJA Pre-Academy Block 1 Practice Questions and Answers | Latest Update 2023-2024. bodily injury which causes substantial risk of death or which causes serious, permanent 
disfigurement or impairment of the function of a bodily member or organ 
moderate bodily injury 
physical injury that involves prolonged loss of consciousness or that causes temporary 
or moderate disfigurement or temporary loss of the function of a bodily member or 
organ or injury that requires medical treatment when the tr...
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IACCP (QE) 2022/2023 with complete solutions
- Exam (elaborations) • 13 pages • 2022
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Which THREE persons or firms may be excluded from having to register under the Investment Advisers Act of 1940? (Choose three.) 
 
A. Accountants whose advisory services pertain solely to incidental financial planning. 
B. Persons or firms whose advice and reports are related solely to U.S. government securities. 
C. Publishers of generally circulated, bona fide newspapers or financial journals. 
D. Domestic banks and bank holding companies. - B. Persons or firms whose advice and reports are rel...
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SUMMARY (FOUNDATIONS OF SOLICITORS’ ACCOUNTS) ELABORATED EXAM
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SUMMARY (FOUNDATIONS OF 
SOLICITORS’ ACCOUNTS) 
ELABORATED EXAM 
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 ...
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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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IACCP Question Bank | Questions With Correct Answers Latest 2023-2024 (GRADED)
- Exam (elaborations) • 40 pages • 2023
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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 - Answer B. On a pro rata basis but 
other allocation methods can be used without violating the Advisers Act 
Which of the following should NOT be a factor when evaluating best execution? 
...
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Alabama Life and Health Insurance Exam Solved 100% Correct!!
- Exam (elaborations) • 20 pages • 2023
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Alabama Life and Health Insurance Exam Solved 100% Correct!! 
 
a predetermined limit. 
Insurance is a method risk is transferred to an insurer for consideration up to 
1. spouses in each other 
2. parents in their children 
3. creditors in their debtors 
Which of the following would be considered proper establishment of insurable interest in the life insurance area? 
It is called the mortality rate 
Which of the following statements about the average number of people who die each year is true? ...
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SUMMARY SOLICITORS ACCOUNTS UPGRADED EXAM WITH CORRECT ANSWERS
- Exam (elaborations) • 6 pages • 2024
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SUMMARY SOLICITORS ACCOUNTS 
UPGRADED EXAM WITH CORRECT 
ANSWERS 
The Overarching Objective: - CORRECT ANSWER-Rule 1.1 of SRA Accounts Rule - To 
keep client money safe 
Office Money: - CORRECT ANSWER-Belongs to firm 
Client Money: - CORRECT ANSWER-Belongs to clients. 
Rule 12 SRA 12.2 & 12.7: - CORRECT ANSWER-set out the distinctions between what 
is client money and what is office money. Rule 12.7 is the main rule listing examples of 
what is office money 
Out of scope money: - CORRECT AN...
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