FAC1503 Financial Accounting Principles for Law Practitioners (FAC1503)

FAC1503 Self-assessment Learning unit 2 2023 100% TRUSTED workings, explanations and solutions. WhatsApp 11 for assistance

FAC1503 questions-and- answers. 9/10/21, 11:13 PM 1.0/ 1.0 Points 0.0/ 1.0 Points 1.0/ 1.0 Points 1.0/ 1.0 Points 3 Assignment 3 RETURN TO ASSESSMENT LIST Part 1 of 9 - 5.0/ 7.0 Points Question 1 of 32 When the funds are transferred to the business bank account, the trust creditor account of the client is debited (via the trust transfer journal) and the trust bank account is credited via the trust cash payments journal.  True False Answer Key: True Feedback: Refer to learnin...

FAC1503 EXAM PACK UPDATED. FAC1503

FAC1503 Assignment 2 Semester 2 FAC1503 ASSIGNMENT 2 SEMESTER 2 2020 UNIQUE NUMBER: DISCLAIMER: Extreme care has been used to create this document, however the contents are provided “as is” without any representations or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. Directly submitting and/or reselling/ distribution / reproduction any part of this document is not permitted. PREVIEW OF QUESTION 1 1. 5 Reference: Stud...

FAC1503 EXAM PACK 4 MAY 2008 EXAMINATION PAPER (For revision purposes) This paper consists of 10 (ten) pages. PLEASE NOTE: 1. Ensure that you are writing the correct examination paper . 2. Ensure that you are handed the correct examination answer book (BLUE) by the invigilator. 3. This paper consists of 6 (SIX) questions. 4. All questions must be answered. 5. Basic calculations, where applicable, must be shown. 6. Each question attempted must be commenced on a new (separate) page. 7....

FAC1503 ASSIGNMENT 3 PACK. Q Question 1 of 32 1.0/ 1.0 Points Funds may be transferred from the trust bank account to the business bank account if the client has paid expenses on behalf of the attorney and the attorney owes the client for the payment. True Fals e Answer Key:False Feedback:Refer to learning unit 6.2 Question 2 of 32 1.0/ 1.0 Points The trust bank balance may never be a debit balance since an irregularity may occur. True Fals e Answer Key:False Feedback:Refer t...

FAC1503 Financial Accounting Principles For Law Practitioners SUMMARY STUDY NOTES 2021 (learning unit 2). Contents Learning outcomes ................................................................................................................... 2 Key concepts ............................................................................................................................ 2 Acronyms ....................................................................................................

FAC1503 SUMMARY STUDY NOTES 2021 (learning unit 2) The financial records of an entity only deal with transactions that are measured in monetary terms. The duality of the financial accounting system better known as the double-entry system is a method whereby the transactions are recorded systematically to show the giving and receiving of value. The accounting cycle details the formal accounting process. The steps discussed in this learning unit are as follows (indicated by yellow shading)...

FAC1503 STUDY SUMMARY NOTES 2022 (learning unit 8) This is a complete and an all-inclusive guide to FAC1503 - Financial Accounting Principles For Law Practitioners Every attorney’s practice has to make use of the services of a correspondent at some point. The reason being that in some instances the instruction from the client to the attorney can only be executed in a jurisdiction where the attorney does not have an office. A law firm must be within a 15km radius of the office of the regist...

FAC1503 SUMMARY STUDY NOTES 2021 (learning unit 2) This is a complete and an all inclusive guide to FAC1503 - Financial Accounting Principles For Law Practitioners The financial records of an entity only deal with transactions that are measured in monetary terms. The duality of the financial accounting system better known as the double-entry system is a method whereby the transactions are recorded systematically to show the giving and receiving of value. The accounting cycle details the for...