Solicitors - Study guides, Class notes & Summaries

Consolidated notes from SA workbook and crib sheet for support in open-book exams

These notes provide everything you need to revise for the solicitor's accounts exam and to take into the exam with you (open book University of Law). These notes include: SRA accounts rules, examples financial statement, examples client ledger questions (for a will and for sale and purchase of a house), agency and principal methods, practice questions with answers, multiple choice questions and answers, client or business money example questions.

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Solicitors Accounts Exam Ready 'Cheat Sheet' Contains a table explaining the ledger entries for each transaction in the exam; Multiple Choice Questions with Answers; and Short Answer Questions with Answers!

CHAPTER 6-12 FOR MOCK MCQS SUMMARY SOLICITORS ACCOUNTS RETAKE EXAM Inherent risk differs from detection risk in that inherent risk: A. arises from the misapplication of auditing procedures. B. may be assessed in either quantitative or non-quantitative terms. C. exists independently of the financial report audit. D. can be changed at the auditor's discretion. - CORRECT ANSWER-C Which of the following would not increase inherent risk? A. Introduction of a performance-based management ...

ACTUAL EXAM FOR REAL ESTATE MCQS SUMMARY SOLICITORS ACCOUNTS Entry 2 of a Charges Register states that a conveyance dated 5 October 1999, made between Edward Charles Rigley (1) and Euan Andrew Palenbella (2), contains restrictive covenants. The Land Registry does not have a copy of this conveyance. Which ONE of the following statements about the contents of the conveyance is CORRECT? A. A buyer would be bound by the covenants contained in the missing conveyance, because the Charg...

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FLK2 MCQS SUMMARY SOLICITORS ACCOUNTS EXAM (ELABORATED QUESTIONS AND ANSWERS) LATEST The solicitor should pay the whole of the sum into client account and promptly transfer £800 to business account When there is a mixed payment of client money and non-client money, it must be paid into client account, and the non-client money transferred to business account. - CORRECT ANSWER-A solicitor acts for a residential buyer, and the transaction is nearing simultaneous exchange and completio...

2024 Solicitors and Barristers EXAM latest update 2024 FINAL PASS A+ How many barristers are employed by the CPS? - ANSWER3000 What are Barristers referred to as? - ANSWER-'The Bar' What is 'direct access'? - ANSWER-barristers approached directly by a client (this can be in any area of law EXCEPT family or criminal law) What is the 'cab bank rule'? - ANSWER-barristers can't refuse a case if it's in their area of specialism and they're free but can refuse if a barriste...