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Solicitors Accounts

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

By: Alex Golding
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Decks in this class (10)

Double Entry Book Keeping and the SRA Accounts Rules
Explain the principle of double e...,
List what goes in the left hand c...,
List what goes in the right hand ...
14  cards
Client Money and Client Accounts
Explain rule 41 of the sra solici...,
How does rule 21 define client money,
How is fees defined for the purpo...
33  cards
Common Accounting Entries and Transfers and Mixed Receipts
List the points made by the sra i...,
What is a dual cash account,
Explain the need for a dual ledge...
13  cards
Special Accounting Entries
What obligation is there on a fir...,
Does receipt of a cheque by the f...,
Can a firm draw against a cheque ...
21  cards
Entries in Accounts (ONLY)
Give the relevant entries for a f...,
Give the relevant entries for a f...,
Client asks you to hold 20 000 of...
6  cards
VAT
Name the two distinct aspect of vat,
Briefly define output tax,
Briefly define input tax
40  cards
Interest
What does rule 71 of the sra acco...,
What does rule 72 of the sra acco...,
What are the two possible ways of...
17  cards
Property Transactions
Can the receipt of stakeholder mo...,
What happens to the money once co...,
Briefly explain the two methods o...
11  cards
Joint Accounts, the Client's Own Bank Account and Third Party Managed Accounts
What does para 42 of the sra code...,
Is money held in at the joint nam...,
Why would a firm open a joint acc...
13  cards
Compliance
Explain the provision of rule 121...,
Who has the obligation to submit ...,
List the serious factors which ar...
6  cards

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Solicitors Accounts

  • Class purpose General learning

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Solicitors Accounts
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