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15. Explain the requirements of each of the following standard trust account transactions. Transaction Requirements Cash, cheque, Electronic Funds Transfer and direct deposits (100-110 words)

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15. Explain the requirements of each of the following standard trust account transactions. Transaction Requirements Cash, cheque, Electronic Funds Transfer and direct deposits (100-110 words) Cheque and Electronic Funds Transfer and withdrawals (100-110 words) Entries to journals and ledgers (300-350 words) Balances and reconciliations (100-120 words) Reports and statements (140-150 words) 16. Explain trust account requirements when receiving, receipting and banking trust monies. (Between 350 and 370 words)

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