Q) Referring to your property legislation, both Act and Regulations, what is addressed regarding trust accounting? Record these 10 items under the correct Act or Regulation.

2. 1 Keep trust books of account                           
4. 2. Appointment of administrator
6. 3. FIS Financial Institution reports to statutory authority
8. 4. Qualification requirements of an administrator
10. 5. Separate trust ledger, cash journals and reconciliation statements
12. 6. Authority to make payments from the trust account                
14. 7. How long records must be kept
16. 8. Withdrawing of money from the trust account
18. 9. Keeping of records
20. 10. Payment of interest on trust accounts

Answer

Act	Regulations

Answer rating: 100% (QA)

ANSWER Q Referring to your property legislation both Act and Regulations what is addressed regarding ... View the full answer