Agency Trust Account

 

Practical assessment – Agency trust accounts
Using excel/word or a similar program and the source information provided in the file “practical assessment -source document” by the licensee of Jim’s Realty, you are required to:
Correctly complete the Trust Cash Book Correctly complete the Trust Ledger Correctly complete the Trust Trial Balance as at 30th June 2011
Students to note the following:
• The Trust Cash Book, Trust Ledger and Trust Trial Balance are to be completed so as to comply with the Regulations. • The next Trust Receipt Number to be Issued is Number 405 and the next Trust Cheque Number is Number 671. • All trust receipts are banked on day of receipt. • All receipts and payments are by cheque unless otherwise stated. Once you have completed each of the above documents you can upload them to your portal for assessment.