Question
1. A fees book is: A. An alphabetical file containing copies of all billings B. A chronological file of copies of all billings C. A
1. A fees book is:
A. An alphabetical file containing copies of all billings | ||
B. | A chronological file of copies of all billings | |
C. | A list of all billings organized by client or matter number | |
D. | A summary of fees charged by the licensee |
2. What is it called when a paralegal prepares photocopies with respect to a client file, and charges the client for them?
A. | Expense recovery | |
B. | Disbursements | |
C. | Third party payment | |
D. | General disbursement |
3. Where would a paralegal record a deposit of funds received from a client as a payment on an invoice?
A. | General ledger | |
B. | General disbursements journal | |
C. | General receipts journal | |
D. | Trust receipts journal |
4. Where are payments made from the general bank account recorded?
A. | Trust receipts journal | |
B. | Trust disbursement journal | |
C. | General receipts journal | |
D. | General disbursement journal |
5. Where can amounts billed and paid by clients be tracked?
A. | General receipts journal | |
B. | Accounts receivable journal | |
C. | Client ledger | |
D. | Trust journal |
6. Which of the following entries would be recorded in the general disbursements journal?
A. | The firm was paid $500 on account by a client | |
B. | The firm paid for long distance charges to be recovered by the client | |
C. | The firm wrote a cheque to itself from trust to pay for an invoice sent to the client | |
D. | The firm received a $500 retainer from a client |
7. Donovan Dressler is a newly licensed paralegal. He is working in an office with three (3) other paralegals and shares an assistant and law clerk with them. He is preparing to render his first invoices. In the dockets for client 1, he notices that the assistant did work filing, faxing, and photocopying on the file. In the dockets for client 2 the law clerk conducted research.
What will Donovan do with the time spent by the assistant when he prepares the invoice to the client?
A. | Consider it non-billable work | |
B. | Consider it billable work | |
C. | Charge it as a disbursement | |
D. | Charge it as an expense recovery |
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