FAC1503 Assignment 3 Semester 1 2023

FAC1503
ASSIGNMENT
3 SEMESTER 1
2023
WELL ANALYZED ANSWERS

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FAC1503 ASSIGNMENT 3
Assessment

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FAC1503-21-S1-10E / Online Assessment

Online Assessment

Online Assessment


3 Assignment 3
RETURN TO ASSESSMENT LIST




Part 1 of 9 - 6.0/ 7.0 Points

Question 1 of 32
Interim fees may be transferred from the trust bank account to the business bank 1.0/ 1.0 Points
account.
True
 False



Answer Key: False
Feedback: Refer to learning unit 6.1
Question 2 of 32
Trust money shall in no circumstances be deposited in or credited to the trust banking 1.0/ 1.0 Points
account.
True
 False



Answer Key: False
Feedback: Refer to learning unit 6.7
Question 3 of 32
Funds received in advance from clients are deposited into the business account. 1.0/ 1.0 Points
True
 False



Answer Key: False
Feedback: Refer to learning unit 6.7




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