- decks
- flashcards
- learners
Decks in this class (19)
Basic client money and non-client money entries
Client money is received 1,
Client money is paid out 2,
Non client money received 3
4
cards
Petty Cash
Non client money paid out 1
1
cards
Mixed Money
Receipt of mixed money 1
1
cards
Separate Designated Client Account
Client money received 1,
Client money paid out 2
2
cards
Transfers between accounts
Transfer from client account to b...,
Transfer from business account to...,
Transfer of client money from the...
4
cards
Transfer between 2 clients (money remaining in the client account)
Transfer between 2 clients 1
1
cards
Deposits
Deposit received by buyer s solic...,
Receipt of deposit by seller s so...,
Deposit paid out to the buyer s s...
4
cards
Payment of mortgage monies from the lender to the borrower (the buyer)
Solicitor does not have separate ...,
Solicitor has a separate ledger f...
2
cards
Payment of redemption monies to the lender from the borrower (the seller)
Solicitor does not have a separat...,
Solicitor has a separate client l...
2
cards
Payment of interest earnt by a separate designated client account
Payment of interest earnt 1
1
cards
Payment of a fair sum of interest on client money to an individual client from interest earnt by the client account
Payment of fair sum of interest o...
1
cards
Issuing a bill plus VAT
Issuing bill plus vat 1
1
cards
Payment of the bill and VAT
By receipt of cheque from client ...,
Instructed to transfer the money ...
2
cards
Issuing a bill plus VAT to a lender who does not have a separate client ledger
To a lender who does not have a s...
1
cards
Issuing a bill plus VAT to a lender who has a separate client ledger
Lender who has a separate client ...
1
cards
Abating (reducing) a bill plus VAT
Reducing a bill plus vat 1
1
cards
Writing off bad debt and VAT
Writing off a bad debt and vat 1
1
cards
Paying a disbursement plus VAT as agent
Using client money for the paymen...,
If there is insufficient client m...
2
cards
Paying a disbursement plus VAT as a principal
Paying as a principal 1
1
cards
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Solicitors Accounts
- Class purpose General learning
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Solicitor Accounts-FS
- 11 decks
- 144 flashcards
- 1 learners
Decks:
Definition Client Money Fs, Requirement To Pay Client Money Into A C, Circumstances In Which Client Money May, And more!
Solicitors Accounts
- 10 decks
- 174 flashcards
- 8 learners
Decks:
Double Entry Book Keeping And The Sra Ac, Client Money And Client Accounts, Common Accounting Entries And Transfers, And more!
