You are a sales assistant in a small suburban agency. Your franchise owner, 2 salespeople and

your property manager have all gone interstate for a 2 day conference. You and the

receptionist have been left to look after the office while they are away.

One of your new vendors comes into the office to pay the marketing expenses that he agreed

on the sales agency agreement. He has brought in $1750 in cash.

You do not want to make any mistakes, as you have heard that there are severe fines for not

dealingwith clients' money correctly.

a) Whatsortof money is this?

b) Why can itnotbe banked into the agency'sgeneral account?

c) What are the requirements aboutissuing a receiptto the client?

d) What are the rules aboutbankingthis money?

e) Whatprocedureswould you put in place when taking the money to the bank to ensure its

and your ownsafety?