List all records that relate to the trust account

Reference no: EM133370078

Question: Locate the accounting documents for Azure Beach Realty Group contained in Appendix 1 of this assessment and answer the following questions in relation to the end of month processing, as required by legislation in NSW:

a) List all records that relate to the trust account.

b) Review the receipts issued to clients of the Agency for monies received. Explain the requirements for issuing of receipts and how these receipts will be recorded in the trust account records.

c) A tax invoice for stationery has been issued by Harry's Stationery which is not yet paid. How will the payment of the invoice be recorded in the accounting records of Azure Beach Realty Group?

d) Explain the purpose of the Bank deposit form and Bank Statement and why these documents are needed for the monthly processing of the trust account.

e) Review the Trust Account ledger for Richard and Gina Waterstreet. Explain the entries in the ledger and identify which accounting documents relate to the entries. Give reasons for your answer.

Reference no: EM133370078

Questions Cloud

What type of professional service is the academy awards : What type of professional service is the Academy Awards vote tabulation engagement? Which professional standards apply to such engagements?

Briefly summarize their philosophy for the theme : Introduce a philosopher and briefly summarize their philosophy for the theme you have chosen. Provide documentation for the resource used

What is about the administration of our courts in california : What is something new that you learned about the administration of our courts in California? Do you believe our court system does a good job.

How can criminal justice system better support individuals : How can the criminal justice system better support individuals who are attempting to reintegrate into society information come from outside resources.

List all records that relate to the trust account : List all records that relate to the trust account. Review the receipts issued to clients of the Agency for monies received. Explain the requirements

Why would choosing stories about familiar topics : Why would choosing stories about familiar topics or concepts help students transition into English? Why are books with heavy illustration useful for ELLs?

Explain how the documentaries legacy vs enigma : explain how the documentaries ( Legacy vs Enigma - Rhetoric Analysis) (audiovisual non-fiction) used Aristotle's appeals (logos, ethos, pathos) as well as logic

Elements will be up to your discretion : This should only be one event or short scene (even if you have two shapes in play in your diagram, there should only be one climax)

What are surrounding vw and turing pharmaceuticals crises : What are the issues surrounding VW and Turing Pharmaceuticals' crises? How does VW's management of its crisis differ from that of Turing Pharmaceuticals?

User Account

All Pages