Trust Accounting: Receipts, Payments, and Reconciliation at LCC

This assignment provides a detailed practical example of trust accounting procedures within a legal context, using the Leo Cussen Centre for Law as a case study. It includes sample trust account cash receipts for various transactions like filing fees, counsel fees, and settlement payments, along with corresponding cash book entries, bank deposit slips (front and back), and client trust ledger cards. The document covers different forms of payment, including cash, cheques, and electronic funds transfers. The assignment also demonstrates the process of reconciling cash books and bank statements, and includes a monthly trust reconciliation statement and a list of controlled money accounts. The provided materials showcase the meticulous record-keeping required in trust accounting, highlighting the importance of accuracy and compliance in managing client funds.