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SOLICITORS ACCOUNTS PACKAGE |QUESTIONS WITH CORRECT ANSWERS|
SOLICITORS ACCOUNTS PACKAGE |QUESTIONS WITH CORRECT ANSWERS|
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SOLICITORS ACCOUNTS QUESTIONS WITH CORRECT ANSWERS
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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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Añadir al carritomoney 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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SOLICITORS ACCOUNTS EXAM 2 QUESTIONS WITH CORRECT ANSWERS
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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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Añadir al carritoThe 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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SOLICITORS ACCOUNTS EXAM 3 QUESTIONS WITH CORRECT ANSWERS
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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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Añadir al carrito12.8 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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SOLICITORS ACCOUNTS PRACTICE EXAM 123|QUESTIONS WITH CORRECT ANSWERS
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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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Añadir al carritoWhat 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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