The following balances were obtained from the accounting records of SA Attorneys on 1 February 2022: ClientTrust creditorsaccountRClients account RA South2 000 Cr4 000 DrS Africa7 000 Cr3 000 Dr 9 000 Cr7 000 Dr The following transactions took place and were accounted for on 28 February 2022:  Client Trust receipts bankRFees charged at the end of the dayRA South5 0003 800S Africa04 600 5 0008 400 A pro-forma invoice was issued on 15 February 2022 to A South for R5 000. A South immediately paid the amount into the account of SA Attorneys.What will be the amount that must be transferred to the business bank account from the trust bank account from S Africa after all obligations to S Africa were met in full on 28 February 2022?Select one:a.R7 000b.R0 because an amount of R2 400 should be transferred to the clients account of S Africac.R3 000d.R3 800

You were presented with the following list of balances by the bookkeeper of SA Attorneys at 30 June 2021. The balances already include all transactions and fees levied after all obligations to the clients were met in full. Client/Trust creditorTrust creditors’ ledgerClients’ ledgerB GautengR17 800 (credit)R22 100 (debit)C KwazuluR13 200 (credit)RnilD WesternR1 900 (debit)R6 000 (debit)A North            Rnil  R5 450 (debit) What is the total balance of the clients’ ledger account after all transfers have been made on 30 June 2021?Select one:a.R17 650b.R33 550c.R11 650d.R15 750

The following account statement was issued by SA Attorneys on 31 January 2022: SA Attorneys Cape Attorneys P.O. Box 123P.O. Box 567 PretoriaJohannesburg 00012000 31 January 2022 RRA South vs S Africa  Collection (30/01/2020) 9 000Fees for receiving instruction500 Fees for preparing of summons (31/01/2020)100 Sheriff costs (26/01/2020)200 Collection fee (31/01/2020)900 Your 1/3 allowance 500Payment herewith7 800  9 5009 500   Which of the following options will correctly reflect the client’s account in the clients ledger of the instructed attorney’s accounting records after the transfer of trust monies to/from the business bank account? Select one:a.DrSA Attorneys (B)Cr202031/01 Fees FJ1R500202031/01 SA Attorneys (Trust creditor) TFJ1R500b.DrCape Attorneys (B)Cr201926/0131/01 Business bankFees BCPJFJ1R2001 500201931/01 FeesCape Attorneys (Trust creditor) FJ1TFJ1R5001 200   1 700   1 700c.DrCape Attorneys (B)Cr201926/0131/01 Sheriff costsFees BCPJFJ1R2001 500201931/01 FeesCape Attorneys (Trust creditor) FJ1TFJ1R1 000700   1 700   1 700d.DrSA Attorneys (B)Cr201931/01 Fees FJ1R1 500201931/01 FeesSA Attorneys (Trust creditor) FJ1TFJ1R5001 000   1 500

The following transaction relates to the accounting records of SA Attorneys for March 2022. The legal practice is registered as a VAT vendor. On 24 March 2022, SA Attorneys paid the Sheriff with a business cheque of R115, for the delivery of a summons to A South. The entry on 24 March 2022 in a book of first entry will be:Select one:a.Sheriffs’ journalDateDetailsDrRCrR24Client – A SouthVAT inputSheriff10015  115 Dr – Clients control account115 b.Sheriffs’ journalDateDetailsDrRCrR24Client – A SouthSheriff115  115 Dr – Clients control account115 c.Business cash payments journal of SA AttorneysDateDetailsFol.SundriesRVATRBankR24Sheriff’s fee (client) 10015115d.Business cash payments journal of SA AttorneysDateDetailsFol.SundriesRVATRBankR24Sheriff’s fee (client) 11

The following information was obtained from the accounting records of SA Attorneys:On 1 April 2022, A South, a client of the practice, paid in an amount of R100 000. The money was to be kept in trust to the benefit of A South to be used by him to purchase a business.What will be the journal entry in the accounting records of SA Attorneys to account for the transaction? Select one:a.General journalDateAccountsDebitRCreditR1 AprilTrust bank account100 000     A South /Trust creditor control 100 000b.Trust journalDateAccountsDebitRCreditR1 AprilTrust bank account100 000    A South /Trust creditor control 100 000c.Business cash receipts journalDateDetailsTrust creditors controlRBankR1 AprilA South (Client – Deposit)100 000100 000d.Trust cash receipts journalDateDetailsTrust creditors controlRBankR1 AprilA South (Client – Deposit)100 000

On 31 July 2021, SA Attorneys earned interest of R3 160 for the month from Africa Bank on the trust bank account.The interest received on the trust bank account must be dealt with in accordance with the requirements of section …. of the Legal Practice Act, 28 of 2014.Select one:a.84(1)b.86(3)c.86(2)d.86(4)