FAC1503 Study guides, Class notes & Summaries
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FAC1503 ASSIGNMENT 1 & 2 FOR 2023
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FAC1503 ASSIGNMENT 1 & 2 FOR 2023
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FAC1503 questions-and- answers.
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FAC1503 questions-and- 
answers. 
9/10/21, 11:13 PM 

1.0/ 1.0 Points 
0.0/ 1.0 Points 
1.0/ 1.0 Points 
1.0/ 1.0 Points 
3 Assignment 3 
RETURN TO ASSESSMENT LIST 
Part 1 of 9 - 5.0/ 7.0 Points 
Question 1 of 32 
When the funds are transferred to the business bank account, the trust creditor account of 
the client is debited (via the trust transfer journal) and the trust bank account is credited via the trust cash 
payments journal. 
 True 
False 
Answer Key: True 
Feedback: Refer to learnin...
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FAC1503 ASSIGNMENT 5 2nd Attempt MEMO 2021
- Exam (elaborations) • 19 pages • 2021
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Purchase FAC1503 online Assignment 5 1st Attempt 2021, the assessment in question is due on the 1st October 2021. I got (51/60) 87/100, thus as a purchaser you'll obtain a 100% factually 35/35% with my feedback coupled with the lecturers feedback, thus and so it will be outta your interest to pass with Distinction or not, remember financial Accounting is of vital importance to For those whom we'll be specializing with corporate law, thusly added as an advantage to your Clerkship Article's Ap...
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FAC1503 EXAM PACK 2023
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QUESTIONS AND ANSWERS
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FAC1503 Assignment 3 Questions and Answers Assignment Financial Accounting Principles (University
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myAdmin 
FAC1503-21-S1-8E / Online Assessment 
Online Assessment 
Online Assessment 
3 Assignment 3 
Part 1 of 9 - 5.0/ 7.0 Points 
Question 1 of 32 
A transfer to the business bank account can only be done if there are sufficient funds in the 1.0/ 1.0 Points 
trust bank account to the credit of the client. 
True 
False 
Answer Key: True 
Feedback: Refer to learning unit 6.1 
Question 2 of 32 
A law firm shall be deemed to have complied sufficiently with Rule 54.8 of the LPA if the 1.0/ 1.0 Poi...
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FAC1503 Assignment 3 Questions and Answers Assignment
- Exam (elaborations) • 21 pages • 2024
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B. If the client's business account exceeds the amount owing on the client's trust creditors 
account, the amount transferred is limited to the amount owing on the client's trust creditors account. 
C. The transfer of funds from the trust creditor's account must be done before the invoice is sent 
to the client. 
D. The client should owe an amount of money to the attorney's practice on the clients' 
business account. 
Answer Key: C 
Feedback: Refer to learning unit 6.3 
Part 3 of 9 - ...
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FAC1503_EXAM_PACK_2023
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FAC1503_EXAM_PACK_2023
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FAC1503 EXAM PACK UPDATED.
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FAC1503 EXAM PACK UPDATED. 
FAC1503
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FAC1501 & FAC1503 EXAM PACK
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FAC1501 & FAC1503 EXAM PACK 
 
Accounting Principles for Law Practitioners & Introductory Financial Accounting 
 
Exam Preparation 
 
 
 
 
 
 
 
Contents 
MAY-JUNE 2010	4 
Bank Reconciliation	7 
OCTOBER-NOVEMBER 2010	21 
MAY-JUNE 2011	37 
OCTOBER 2011- NOVEMBER 2011	51 
MAY-JUNE 2012	78 
MAY-JUNE 2012	94 
2.1	Cash journals	100 
2.3 .....................................................................................................................................101 
Bank reconciliation statem...
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FAC1501 AND FAC1503 LATEST EXAM PACK 2023
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FAC1501 AND FAC1503 LATEST EXAM PACK 2023
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