Part B You may wish to use these ledger templates in the pr…

Questions

Pаrt B Yоu mаy wish tо use these ledger templаtes in the preparatiоn of your answer Sol Accounts Blank Ledgers B Prepare the cash and associated ledgers of Mrs Pirsig and any relevant ledger for Mr Rousseau. You represent Mrs Pirsig in a Personal Injury matter. You represent Mr Rousseau in a defamation matter. The Balance in the cash Office Account is £4,000 The Balance in the cash Client Account in £5,000 1.2.2x - You pay a barrister’s opinion fee £300 on behalf of Mrs Pirsig 2.2.2x - Mrs Pirsig sends you a cheque for £500 on account of costs. You split the cheque. 3.2.2x - You pay medical expert fee of £400 plus VAT on behalf of Mrs Pirsig – The invoice is addressed to the firm 4.2.2x - You receive £25,000 in settlement in the Mrs Pirsig matter.  Mrs Pirsig instructs you to hold the money on her behalf as she intends to use it as a deposit on a property. 5.2.2x - You tell HSBC bank to open a separate deposit bank account designated with Mrs Pirsig’s name and you pay the £25,000 held for the client into that designated client account. 6.3.2x - The property purchase falls through and Mrs Pirsig requests you send her any money you are holding for her. The bank calculates that she is entitled to £50 interest for the period. 7.3.2x - The Mr Rousseau matter settles for £10,000 you receive the sum from Allianz Insurance. 8.3.2x - You issue a bill to Mrs Pirsig– Your costs are £500 + VAT and any outstanding disbursements. 9.3.2x – Mr Rousseau who is Mrs Pirsig’s friend tells you to settle Mrs Pirsig’s bill from the balance of Mr Rousseau’s account. It is a gift between the pair. Mrs Pirsig gives permission for the transfer. 10.3.2x – You send the balance of Mrs Pirsig’s account to the client.

Pаrt B Yоu mаy wish tо use these ledger templаtes in the preparatiоn of your answer Sol Accounts Blank Ledgers B Prepare the cash and associated ledgers of Mrs Pirsig and any relevant ledger for Mr Rousseau. You represent Mrs Pirsig in a Personal Injury matter. You represent Mr Rousseau in a defamation matter. The Balance in the cash Office Account is £4,000 The Balance in the cash Client Account in £5,000 1.2.2x - You pay a barrister’s opinion fee £300 on behalf of Mrs Pirsig 2.2.2x - Mrs Pirsig sends you a cheque for £500 on account of costs. You split the cheque. 3.2.2x - You pay medical expert fee of £400 plus VAT on behalf of Mrs Pirsig – The invoice is addressed to the firm 4.2.2x - You receive £25,000 in settlement in the Mrs Pirsig matter.  Mrs Pirsig instructs you to hold the money on her behalf as she intends to use it as a deposit on a property. 5.2.2x - You tell HSBC bank to open a separate deposit bank account designated with Mrs Pirsig’s name and you pay the £25,000 held for the client into that designated client account. 6.3.2x - The property purchase falls through and Mrs Pirsig requests you send her any money you are holding for her. The bank calculates that she is entitled to £50 interest for the period. 7.3.2x - The Mr Rousseau matter settles for £10,000 you receive the sum from Allianz Insurance. 8.3.2x - You issue a bill to Mrs Pirsig– Your costs are £500 + VAT and any outstanding disbursements. 9.3.2x – Mr Rousseau who is Mrs Pirsig’s friend tells you to settle Mrs Pirsig’s bill from the balance of Mr Rousseau’s account. It is a gift between the pair. Mrs Pirsig gives permission for the transfer. 10.3.2x – You send the balance of Mrs Pirsig’s account to the client.

15. Adаm wаs in the wоrkshоp аnd he cut his finger оn a machine. The finger was bleeding profusely. The P.T. student: