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Professional Responsibility Full Notes
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Professional Responsibility Full Notes

LWB433 - Professional Responsibility

233 Pages Queensland University of Technology Complete Study Notes Year Uploaded: 2017

Trust Accounting The requirement to deal with trust money and to maintain trust accounting records is an integral part of legal practice. Trust accounting is a simple form of bookkeeping used exclusively for trust transactions. It is the recording by a law practice of the receipt and payment of other people’s money, with all transactions being recorded in individual accounting records maintained for the person on whose behalf the money was received.

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