CPPREP4005 & CPPEP4125 - AT2 - 1-2:

CASE STUDY

You work at Connect Skills Real Estate Pty Ltd at 888 Scott Street Epping. Licence #: 1789L

Part of your job is to manage the company's trust account.

You have recently been on an extended holiday, and during your absence, one of your agency partners had been entering the trust account transactions for the agency.

Being that you are ultimately responsible for the trust account, you decide to manually reconcile the trust account entries against the bank statement for April 2021.

Before commencing the task, your partner advises you that three recent trust account transactions have not yet been recorded in the trust account spreadsheet.

You decide to process these before doing your reconciliation. The transactions to be entered are listed in Table #1 (attached to question).

In reviewing the trust account transactions against the bank statement, you identify five transactions that need review/amendment.

The five transactions are listed in Table #2. (attached to the question)