Solicitors accounts Study guides, Class notes & Summaries
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Package deal for SUMMARY SOLICITORS ACCOUNTS UPGRADED EXAM WITH CORRECT ANSWERS
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SUMMARY SOLICITORS ACCOUNTS UPGRADED EXAM WITH CORRECT ANSWERS
CHAPTER 6-12 FOR MOCK MCQS SUMMARY SOLICITORS ACCOUNTS RETAKE EXAM
SUMMARY (FOUNDATIONS OF SOLICITORS’ ACCOUNTS) ELABORATED EXAM
ACTUAL EXAM FOR REAL ESTATE MCQS SUMMARY SOLICITORS ACCOUNTS
SUMMARY SOLICITORS ACCOUNTS BLP MCQS PRACTICE TEST
SUMMARY SOLICITORS ACCOUNTS VERIFIED EXAM TEST
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SUMMARY SOLICITORS ACCOUNTS EXAM TEST (QUESTIONS AND ANSWERS) UPDATED
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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...
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CHAPTER 6-12 FOR MOCK MCQS SUMMARY SOLICITORS ACCOUNTS RETAKE EXA
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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 ...
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Solicitors Accounts Exam Revision | 100% Correct Answers | Verified | Latest 2024 Version
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Solicitors Accounts Exam Revision | 
100% Correct Answers | Verified | Latest 
2024 Version
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Solicitors Accounts Exam Revision | 100% Correct Answers | Verified | Latest 2024 Version
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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...
And that's how you make extra money
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FLK2 MCQS SUMMARY SOLICITORS ACCOUNTS EXAM (ELABORATED QUESTIONS AND ANSWERS) LATEST
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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...
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Solicitors Accounts
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SUMMARY SOLICITORS ACCOUNTS BLP MCQS PRACTICE TEST
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SUMMARY SOLICITORS ACCOUNTS 
BLP MCQS PRACTICE TEST 
Butterberry Limited is a company making yoghurts and other dairy products. It has been 
in existence for 12 years and has four shareholders who are also the four directors of 
the company. It has outgrown its existing premises and needs to move to a larger 
factory. Nick and Andi, two of the company's directors, negotiate the purchase of a new 
factory on the Wrexford Industrial Estate with Wrexford Development Corporation. Nick 
and An...
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SQE 1 - Solicitors Accounts (Client money and client accoutns) Latest Update 2024-2025 Exam Questions and 100% Verified Correct Answers Guaranteed A+
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SQE 1 - Solicitors Accounts (Client money and client accoutns) Latest Update Exam Questions and 100% Verified Correct Answers Guaranteed A+
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Solicitors accounts
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