Fac1503 assessment 3 - Study guides, Study notes & Summaries

THIS DOCUMENT CONTAINS FAC1503 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USE IT CORRECTLY AS A GUIDE TO HELP YOU SCORE ABOVE 75%

myAdmin FAC1503-21-S1-8E / Online Assessment Online Assessment Online Assessment 3 Assignment 3 Part 1 of 9 - 5.0/ 7.0 Points Question 1 of 32 A transfer to the business bank account can only be done if there are sufficient funds in the 1.0/ 1.0 Points trust bank account to the credit of the client. True False Answer Key: True Feedback: Refer to learning unit 6.1 Question 2 of 32 A law firm shall be deemed to have complied sufficiently with Rule 54.8 of the LPA if the 1.0/ 1.0 Poi...

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-Accounting Summaries SUMMARY STUDY NOTES 2022 (learning unit 8). Contents Learning outcomes ............................................................................................................................... 2 Key concepts ........................................................................................................................................ 2 Acronyms .............................................................................................................

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