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SOLICITORS ACCOUNTS PACKAGE |QUESTIONS WITH CORRECT ANSWERS|
SOLICITORS ACCOUNTS PACKAGE |QUESTIONS WITH CORRECT ANSWERS|
[Show more]SOLICITORS ACCOUNTS PACKAGE |QUESTIONS WITH CORRECT ANSWERS|
[Show more]money received for costs in payment of a bill or agreed fee - client or office money? CORRECT ANSWER Office Money 
 
money received as an advance or on account of costs generally - client or office money? CORRECT ANSWER Client Money 
 
money received to cover disbursements which have not yet been pa...
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Add to cartmoney received for costs in payment of a bill or agreed fee - client or office money? CORRECT ANSWER Office Money 
 
money received as an advance or on account of costs generally - client or office money? CORRECT ANSWER Client Money 
 
money received to cover disbursements which have not yet been pa...
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...
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Add to cartThe 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...
12.8 CORRECT ANSWER Money held or received on behalf of the principal is office money 
 
12.8(b) CORRECT ANSWER If partner buying jointly with spouse then client account 
 
12.8(a) CORRECT ANSWER If partner buying using mortgage and firm instructed by mortgage lender then client account 
 
12.8(c) C...
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Add to cart12.8 CORRECT ANSWER Money held or received on behalf of the principal is office money 
 
12.8(b) CORRECT ANSWER If partner buying jointly with spouse then client account 
 
12.8(a) CORRECT ANSWER If partner buying using mortgage and firm instructed by mortgage lender then client account 
 
12.8(c) C...
What is client money? CORRECT ANSWER Money received by you relating to regulated services by you to a client, on behalf of a 3rd party in relation to the regulated services 
 
If a client has not yet been billed but you receive money from them, which account does it go into? CORRECT ANSWER The clien...
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Add to cartWhat is client money? CORRECT ANSWER Money received by you relating to regulated services by you to a client, on behalf of a 3rd party in relation to the regulated services 
 
If a client has not yet been billed but you receive money from them, which account does it go into? CORRECT ANSWER The clien...
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