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Solicitors Accounts
Joint Accounts and Third-Party Accounts
Quiz · 20 questions
beginner
Which of the following statements best defines a "joint client account" under the SRA Accounts Rules?
A
A client account used by multiple solicitors within the same firm to hold their clients' money
B
A client account that can hold both client money and office money in separate ledgers
C
A client account holding money for multiple clients who all have a shared interest in the funds
D
Two separate client accounts that are linked for accounting purposes
E
A client account holding money for a client and a third party who are not both your clients
Question 1 of 20