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10 Cards in this Set
- Front
- Back
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Entries for client money received? |
CR Client ledger DR client cash |
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Entries for client money withdrawn? |
DR client ledger CR client cash |
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Entries for paying money out of office account (ie. To pay for disbursements)? |
DR office ledger CR client cash |
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Entries for issuing bill of costs? |
DR office ledger CR office cash |
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Entries for transferring money from client acc to office acc? |
1) Out of client acc: DR client ledger CR client cash
2) Into office acc: CR office ledger DR office cash |
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Entries for paying money to a client? |
DR client ledger CR office cash |
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Entries for partner depositing? |
CR partner's capital account DR office cash |
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Entries for partner withdraws? |
DR partner's capital account CR office cash |
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Entries for solicitor acting as stakeholder? |
Receipt of deposit: CR client ledger: stakeholder DR client cash
On completion of sale: DR client ledger: stakeholder CR client ledger |
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Entries for solicitor acting as agent of deposit? |
Receipt of deposit: CR client ledger DR client cash |
