Super Solicitors Accounts

We will be teaching the following parts of the SQE1 Assessment Specification:

Client money:

• definition
• requirement to pay client money into a client account
• circumstances in which client money may be withheld from a client account
• repayment
• accounting entries required.

Client account:

• meaning and name of account
• obligation not to use client account to provide banking facilities
• withdrawals and accounting entries required.

Requirement to keep client money separate from money belonging to the authorised body

Interest:

• requirement to pay interest on client money
• accounting entries required.

Breach of the SRA Accounts Rules:

• duty to correct breaches of SRA Accounts Rules promptly on discovery
• accounting entries required.

We will finish by practising MCQs on what we have covered.

The Session will be recorded.