Question: Question 3 Complete the following table . Give (2) reasons that inaccuracies/discrepancies can occur in trust accounts and a treatment to address these Source of

Question 3 Complete the following table . Give (2) reasons that inaccuracies/discrepancies can occur in trust accounts and a treatment to address these Source of Discrepancy Treatment Strategy to Address the Discrepancy E.g. Dishonoured cheque Ensure that a reversal is completed in the cashbook Do not accept cheques as method of payment Manually entering in data Using a property management software which shows all properties that the agency currently looks after. Automated messages should pop up so it can teach and minimise the chance of an error. Not reconciling daily Double checking that account are balanced everyd Not reconciling daily Double checking that account are balanced everyday and have it maintain records
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