Trust Accounting: Receipts, Payments, Reconciliation, and Ledgers

This assignment provides a comprehensive overview of trust accounting practices, including various forms and procedures used in managing client funds. The document includes examples of trust account cash receipts, bank deposit slips (both front and back), and cheque forms. It also features a cash book for recording receipts and payments, client trust ledger cards for tracking individual client transactions, and a monthly trust reconciliation statement to ensure accuracy. The assignment details the process of reconciling cash balances and bank statements, along with a list of controlled money accounts. Additionally, the document contains a cash payments book, illustrating how payments are recorded and tracked. Overall, this assignment serves as a practical guide to understanding and implementing essential trust accounting principles.

Trust and Office
Accounting
learning activities
stationery

TRUST ACCOUNT CASH RECEIPTS
LEO CUSSEN CENTRE FOR LAW No. 0251
Date Received................................20.............
Date Receipted...............................20.............
Received from ........................................................................ by.........................................
the sum of ............................................................................................................................
......................................................................dollars ..................................................cents
being ....................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
$ _____________:_____ Name of Person completing Receipt................................
BLOCK LETTERS
FIRM NAME ..............................................................................
LAW PRACTICE TRUST ACCOUNT
LEO CUSSEN CENTRE FOR LAW No. 0252
Date Received................................20.............
Date Receipted...............................20.............
Received from ........................................................................ by.........................................
the sum of ............................................................................................................................
......................................................................dollars ..................................................cents
being ....................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
$ _____________:_____ Name of Person completing Receipt................................
BLOCK LETTERS
FIRM NAME ..............................................................................
LAW PRACTICE TRUST ACCOUNT
TRAINING MATERIAL ONLYTRAINING MATERIAL ONLY

TRUST ACCOUNT RECEIPTS
LEO CUSSEN CENTRE FOR LAW No. 0253
Date Received................................20.............
Date Receipted...............................20.............
Received from ........................................................................ by.........................................
the sum of ............................................................................................................................
......................................................................dollars ..................................................cents
being ....................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
$ _____________:_____ Name of Person completing Receipt................................
BLOCK LETTERS
FIRM NAME ..............................................................................
LAW PRACTICE TRUST ACCOUNT
LEO CUSSEN CENTRE FOR LAW No. 0254
Date Received................................20.............
Date Receipted...............................20.............
Received from ........................................................................ by.........................................
the sum of ............................................................................................................................
......................................................................dollars ..................................................cents
being ....................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
$ _____________:_____ Name of Person completing Receipt................................
BLOCK LETTERS
FIRM NAME ..............................................................................
LAW PRACTICE TRUST ACCOUNT
TRAINING MATERIAL ONLYTRAINING MATERIAL ONLY

TRUST ACCOUNT RECEIPTS
LEO CUSSEN CENTRE FOR LAW No. 0255
Date Received................................20.............
Date Receipted...............................20.............
Received from ........................................................................ by.........................................
the sum of ............................................................................................................................
......................................................................dollars ..................................................cents
being ....................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
$ _____________:_____ Name of Person completing Receipt................................
BLOCK LETTERS
FIRM NAME ..............................................................................
LAW PRACTICE TRUST ACCOUNT
LEO CUSSEN CENTRE FOR LAW No. 0256
Date Received................................20.............
Date Receipted...............................20.............
Received from ........................................................................ by.........................................
the sum of ............................................................................................................................
......................................................................dollars ..................................................cents
being ....................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
$ _____________:_____ Name of Person completing Receipt................................
BLOCK LETTERS
FIRM NAME ..............................................................................
LAW PRACTICE TRUST ACCOUNT
TRAINING MATERIAL ONLYTRAINING MATERIAL ONLY

TRUST ACCOUNT BANK DEPOSIT SLIPS (FRONT)
Deposit
Receipt
Date
Deposit CREDIT
Date
Account Name
Teller No. of
cheques
Leo Bank will not be responsible for delays in transmission.
Where this deposit is lodged at a bank or branch other than
shown above it will be transferred under the bank’s internal
procedures.
C
a
s
h
T
e
n
d
e
r
e
d
100
Cash
50
20
Amount Teller
& Stamp For
CREDIT
of
TRAINING PUROSES ONLY
LAW PRACTICE TRUST ACCOUNT
10 Cheques
Per
reverse
5
Coin
$ 083 000 000 0000 Total $Change
Deposi
t
Receipt
Date
Deposit CREDIT
Date
Account Name
Teller No. of
cheques
Leo Bank will not be responsible for delays in transmission.
Where this deposit is lodged at a bank or branch other than
shown above it will be transferred under the bank’s internal
procedures.
C
a
s
h
T
e
n
d
e
r
e
d
100
Cash
50
20
Amount Teller
& Stamp For
CREDIT
of
TRAINING PUROSES ONLY
LAW PRACTICE TRUST ACCOUNT
10 Cheques
Per
reverse
5
Coin
$ 083 000 000 0000 Total $Change
Deposi
t
Receipt
Date
Deposit CREDIT
Date
Account Name
Teller No. of
cheques
Leo Bank will not be responsible for delays in transmission.
Where this deposit is lodged at a bank or branch other than
shown above it will be transferred under the bank’s internal
procedures.
C
a
s
h
T
e
n
d
e
r
e
d
100
Cash
50
20
Amount Teller
& Stamp For
CREDIT
of
TRAINING PUROSES ONLY
LAW PRACTICE TRUST ACCOUNT
10 Cheques
Per
reverse
5
Coin
$ 083 000 000 0000 Total $Change

TRUST ACCOUNT BANK DEPOSIT SLIPS (BACK)
PARTICULARS OF CHEQUES
DETAILS AMOUNT DRAWER BANK BRANCH NAME OR BSB NO. AMOUNT
PROCEEDS OF CHEQUES ETC NOT AVAILABLE UNTIL CLEARED $
PARTICULARS OF CHEQUES
DETAILS AMOUNT DRAWER BANK BRANCH NAME OR BSB NO. AMOUNT
PROCEEDS OF CHEQUES ETC NOT AVAILABLE UNTIL CLEARED $
PARTICULARS OF CHEQUES
DETAILS AMOUNT DRAWER BANK BRANCH NAME OR BSB NO. AMOUNT
PROCEEDS OF CHEQUES ETC NOT AVAILABLE UNTIL CLEARED $

TRUST ACCOUNT RECEIPTS CASH BOOK
For Month Ending Page
Date Rec.
No.
Client and
Type of
Matter
File
No.
Purpose for
which
received
Received
from
whom
and in
what
form
Amount Total
Banked Per
Deposit
Voucher
$ c $ c
TOTAL RECEIPTS FOR MONTH

TRUST ACCOUNT CHEQUES
Date 17/3/XY
210898
20XY
Payee K Carew Pay K Carew Or Order
the sum of Seven Hundred and Fifty Dollars
$ 750.00
Fwd $ TRAINING PURPOSES ONLY
Chq $750
LAW PRACTICE TRUST ACCOUNT
Bal $750
210898 210898 083 000
Date 21/3/XY
210899
20XY
Payee Maud
Windspear
Pay Maud Windspear Or Order
the sum of Twenty Thousand Dollars
$ 20000.00
Fwd $ TRAINING PURPOSES ONLY
Chq $20000
LAW PRACTICE TRUST ACCOUNT
Bal $20000
210899 210899 083 000
Date 28/3/XY
210900
20XY
Payee Federal Circuit
Court
Pay Federal Circuit Court Or Order
the sum of Eight Hundred and Twenty five dollars
$825.00
Fwd $ TRAINING PURPOSES ONLY
Chq $825
LAW PRACTICE TRUST ACCOUNT
Bal $825
210900 210900 083 000
Not
Negotiable
Not
Negotiable
Not
Negotiable

TRUST ACCOUNT CHEQUES
Date 28/3/XY
210901
20XY
Payee Nicholas
Diamond
Pay Nicholas Diamond Or Order
the sum of One Hundred and Twenty Thousand Dollars
$ 120000.00
Fwd $ TRAINING PURPOSES ONLY
Chq $120000
LAW PRACTICE TRUST ACCOUNT
Bal $120000
210901 210901 083 000
Date
210902
20
Payee Pay Or Order
the sum of
$
Fwd $ TRAINING PURPOSES ONLY
Chq $
LAW PRACTICE TRUST ACCOUNT
Bal $
210902 210902 083 000
Date
210903
20
Payee Pay Or Order
the sum of
$
Fwd $ TRAINING PURPOSES ONLY
Chq $
LAW PRACTICE TRUST ACCOUNT
Bal $
210903 210903 083 000
Not
Negotiable
Not
Negotiable
Not
Negotiable

CLIENT TRUST LEDGER CARD
Client Matter File No
Address Other Party
TRUST ACCOUNT
DATE PARTICULARS FORM
MONEY
REC’D IN
CHQ.
No./REC.
No.
CR/CP
PAGE No.
DEBIT CREDIT BALANCE

CLIENT TRUST LEDGER CARD
Client Matter File No
Address Other Party
TRUST ACCOUNT
DATE PARTICULARS FORM
MONEY
REC’D IN
CHQ.
No./REC.
No.
CR/CP
PAGE No.
DEBIT CREDIT BALANCE

CLIENT TRUST LEDGER CARD
Client Matter File No
Address Other Party
TRUST ACCOUNT
DATE PARTICULARS FORM
MONEY
REC’D IN
CHQ.
No./REC.
No.
CR/CP
PAGE No.
DEBIT CREDIT BALANCE