Summary Solicitors Accounts Ledger revision

Solicitors Accounts Revision

Chapter 2, 9, 10 11, 13, 14, 15, 16, 17, 18, 19

Litigation

Cash. On account= Client CR
Cash. Court fee= Client DR
Cash. Expert= Client DR
Cash. Settlement= Client CR
Cash. To company name= Client DR
Cash. Expert= Business DR
Profit costs= Business DR
VAT= Business DR
Cash. Amount due= Business CR

Purchase of shares

Cash. Search fees= Business DR
Cash. Purchase Price and on account= Client CR
Cash. Amount due= Business CR and client DR
Cash. Purchase price. To Seller’s solicitor= Client DR
Cash. Stamp duty= Client DR
Profit Costs= Business DR
VAT= Business DR
Cash. Amount due= Business CR and Client DR
Cash. To client= Client DR

Administration of Estate

Cash. Probate fees= Business DR
Cash. From executors. Found at house= Client CR
Cash. From Staines Business Society= Client CR
Cash. Life policy= Client CR
Cash. Proceeds of sale of car= Client CR
Cash. Debts= Client DR
Cash. Funeral Expenses= Client DR
New page= balance
Cash. T legatee= Client DR
Profit costs= Business DR
VAT= Business DR
Profit costs. Abatement= Business CR
VAT. Abatement= Business CR
Cash. Amount due= Business CR
Client. Transfer= Client DR