Q1. Explain how authorization is given for payments made from the trust account, in the following circumstances:

A. Settlement of a sale and payment of commission to an agent?

B. Payment of an invoice by the landlord?

C. Payment of advertising expenses on behalf of a vendor?

D. Payment of commission from landlord?

Q2. 1. Summaries the actions that the licensee would need to take for the following issues if the trust account is overdrawn, compromised or a discrepancy is identified?

Issues below:

A. Overdrawn trust account?

B. Compromised Trust account?

C. A discrepancy in Trust account?

D. Unclaimed funds in the trust account?

Q3. Discuss the responsibilities and actions of the person actioning a transaction in regards to the following forms of payments. Include receipting in your response?

Payment forms below:

A. Cash?

B. Cheque?

C. EFT?

D. Direct deposit?

Q4. Discuss the purpose of the following transaction documents and receipts?

Documents below:

A. Rent receipt?

B. Sales receipt?

C. Trust receipt cashbook?

D. Trust payment cashbook?

E. Ledgers?

F. Trial Balance?

G. Bank reconciliation?

Please I would like help with these questions