Solicitor Accounts-FS

This class was created by Brainscape user SMH Legal. Visit their profile to learn more about the creator.

Decks in this class (8)

Definition (Client money)-FS
What is client money under rule 2...,
What is office money business mon...,
When does money held in respect o...
13  cards
Requirement to pay client money into a client account (Client money):- FS
What is the general rule regardin...,
Definition alternative arrangemen...,
What are the three exceptions und...
18  cards
Circumstances in which client money may be withheld from a client account (Client money)- FS
Under what conditions may client ...,
Prescribed circumstances allowing...,
What must a firm do before transf...
16  cards
Repayment (Client money)-FS
What is the principle of repaymen...,
Rule 24 availability on demand 2,
Rule 25 obligation to return funds 3
8  cards
'T-accounts' - Accounting entries required (Client money)-FS
What is a t account in legal acco...,
Double entry bookkeeping 2,
What types of items are recorded ...
8  cards
Debits' and 'credits' - asset accounts - Accounting entries required (Client money)-FS
What is a t account in the contex...,
What is shown on the debit side o...,
What is shown on the credit side ...
17  cards
Debits' and 'credits' - liability & equity accounts - Accounting entries required (Client money)-FS
In accounting how are increases t...,
Why is a bank loan shown as a cre...,
When a bill is issued to a client...
9  cards
Solicitors account entries - Accounting entries required (Client money)-FS
What is the client ledger busines...,
When is the client ledger busines...,
When is the client ledger busines...
12  cards

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Solicitor Accounts-FS

  • Class purpose General learning

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