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Part B - Practical activity You have decided to start a property management section in your business 'Eyansclale Realty 'ancl are using a manual system
Part B - Practical activity You have decided to start a property management section in your business 'Eyansclale Realty 'ancl are using a manual system until it gets enough clients to purchase a computerised software programme. You are to complete the appropriate books of account for the dedicated Property Management trust account to ensure an accurate record of client's transactions. based on the following scenario: Correctly complete the Trust Receipt and Payment Journal (Cashbooks) Correctly complete the Trust Ledger and Trust Trial Balance as at SD May. 201? Using the Trust Cash Book and ledger records of Evansdale Realty that you have completed, prepare a Trust Bank Reconciliation so it complies with the Regulations. You are entitled to assume that the bank statement is oorreot. Scenario Students to note the following: The Trust Cash Book, Trust Ledger, Trust Trial Balance and Bank Reconciliation are to be completed so as to comply with the appropriate legislation in your State. The next Trust Receipt Number to be issued is number 1111 and the next Trust Cheque number is T10. All trust receipts are banked on the day of receipt. All receipts and payments are by cheque unless otherwise stated. All transactions are CST tree unless stated. The first client ledger folio number is 110 Calculate commission on rent received only
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