Accounting for Law Students and Practitioners

Accounting for Law Students and Practitioners

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Few professions are free of the need to understand accounting, least of all the legal profession. Legal accounting is a category all on its own, because attorneys are expected to keep trust accounts for most of their clients, deal with conveyancing and understand the issues around shared accounts -- whether at a corporate or domestic level. This book deals with the fundamentals of accounting, such as debits and credits and how income statements and balance sheets are created. The book also takes you through the transfer journal, bank reconciliations, VAT, correspondent accounts, accounting in conveyancing matters, legislation applying to attorneys' accounting and partners' capital accounts. Easy-to-understand examples clearly explain the principles involved.March 28 A client P van Rensburg gives instructions for a company to be registered and pays a deposit of R2 000 which is deposited in the practicea#39;s bank account. March 29 Revenue stamps are bought as stock for R500. March 30 Revenueanbsp;...

Title:Accounting for Law Students and Practitioners
Author:Sheeda Kalideen, Lester Sullivan
Publisher:Juta and Company Ltd - 2007-01-01


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