Solicitors Guías de estudio, Notas de estudios & Resúmenes

NCIC Exam Test Questions with Correct Answers Latest Graded A+. NCIC - Answer National crime information center CJIS - Answer Criminal justice information system RCMP - Answer Royal Canadian mounted police SLED - Answer South Carolina law enforcement division What is located in Clarksburg, WV - Answer NCIC headquarters Orion - Answer Help guide to locate phone numbers, hours, ori, etc. Purpose codes - Answer C,j,b,f,e,d,h,a,s,v,z Who cannot place a locate? - Answer The entering agency P...

what system is used for recording solicitors accounts? - CORRECT ANSWER-double entry bookkeeping what are the two aspects of every financial transaction to be logged? - CORRECT ANSWER-Debit DR Credit CR what are the two aspects if the firm pays cash to buy premises? - CORRECT ANSWER1. firm has less cash 2. firm has acquired an asset in the form of premises examples of what will go in the left/debit side column? - CORRECT ANSWER-expense incurred asset acquired/increased liability...

Solicitors Accounts Exam Revision | 100% Correct Answers | Verified | Latest 2024 Version

NOTE TO READER: These notes were created for the 22/23 semester of the LPC at BPP and using these alone I got a distinction grade. They are a compilation of lecture notes, SGS solutions, practice/mock/sample papers and previous student’s legacy notes. If you wish to use them, I would recommend using them as a skeleton as you go along the course and supplementing/cross-checking with the content you learn. These are by no means exhaustive and some areas may be missing and/or lacking. Regard...

You hold £500 on account of costs for the client. You pay a surveyor's fee of £200 + £40 for the client. The invoice is made out to you. Subsequently you send the clients a bill for £400 in professional charges. The client is registered for VAT. How do you send the VAT invoices? - CORRECT ANSWER-You will send the client one VAT invoice covering the VAT on both the survey and the profit costs. You are holding £600 on account of costs and have to pay a disbursement. Which is correct...

Land law notes to prepare for your SQE2 assessment. Prepare for your SQE exam for less. I passed the SQE2 with 84% on my first sitting relying solely on these notes.

What are the SRA Accounts Rules ('the Rules')? - CORRECT ANSWER--The SRA Accounts Rules 2019. This version has been in effect since November 2019 and can be found on the SRA website. -The Rules govern how law firms operate their accounting systems, and focus specifically on safeguarding money belonging to clients and others Who do the SRA rules apply to? - CORRECT ANSWER-These rules apply to everyone involved in a business that provides legal services, irrespective of their level. ...

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 what is office money. Rule 12.7 is the main rule listing examples of what is office money Out of scope money: - CORRECT ANSWER-money received by a multi-disciplinary partnership in relatio...

QUESTION 1A – FSMA REGULATIONS No person may carry on a regulated activity in the UK unless authorised or exempt (s19 FSMA). Need to ensure that the firm is not committing a criminal offence by carrying out a regulated activity without authority pursuant to S 23 FSMA, so we need to consider the effect of FSMA. 1. Are you in Business? a. For an activity to be a regulated activity under FSMA, it must be “carried on by way of business”. As the firm is providing a service for the client,...

Client or office money? Money held to sender's order where sender is not a client of the firm. - Client money. See r12.1 Client or office money? Money held or received as stakeholder, where firm is conducting a transaction for a principal of the firm. - Client money. Stakeholder money is always client money. See r12.2(b) Client or office money? Money received for any paid disbursement. - Office money. Doesn't matter what the nature of the disbursement is. See r12.7(c)(ii) Client or offic...