CPPDSM4006A | Establish and manage agency trust accounts | Management

Home Recent Questions CPPDSM4006A | Establish and manage agency trust accounts | Management

Project 1.

Part 1
The Courageous Real Estate agency balances its trust account records each week and for the week ending 27th July the following receipts and cheques were written:
Record the relevant details from the information supplied below, into the Receipts Cash Book and Payments Cash Book for the week from the 21st July — 27th July. All trust funds receipted are banked on the same day as they are receipted.
For this exercise, ignore folio references.


Part 2

CRUSADER REAL ESTATE
You have been asked to take over the trust accounting duties for the above agency from a staff member who has taken ill. You are to create new records detailing the information provided below. You are not required to show a record of the Cashbooks.    .
1. Create the client ledgers for all clients for whom you receive or hold trust monies for the month of July
2. Record receipts and payments in the appropriate ledgers
3. Deduct 11% management fees (including GST) from the rent monies received (NOT from balances brought forward) at the end of the month, showing the GST amounts and commission amounts separately on the ledgers
4. Record property management fees in the Commission Clearing Ledger and GST Clearing Ledger
5. Show balance of funds paid to owners and commission and GST paid to the agency

Search Here

Latest Reviews

  • Marcus
    30 Apr, 2019

    My assignment help services are provided in the best way by this website. The writers have completed my assignment in such a way that they helped me increase my overall performance.

  • Emy
    29 Apr, 2019

    Awesome work done by the experts of this company. I visited this site to get math assignment completed. My assignment was complete in every aspect. Thanks to the professionals who provided assignment writing help.

  • Darina
    25 Apr, 2019

    All thanks to the writers of Assignment Help 4 Me who completed my Physics assignment in the right manner. The structure of the assignment was totally customized according to my needs and that too at cheap prices.

View All Reviews

Facebook

Assignment Help 4 Me