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Differences between Trust and Business Bank Accounts

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Question

Differences between Trust and Business Bank Accounts;A) Explain in your own words the following:1. With reference to an example as to which monies received should be deposited and withdrawn from each bank account, the difference between Business and Trust banking accounts. (30)2. With reference to an example as to what type of transactions should be recorded in each book of account, the difference between Business and Trust books of account. (30)B) is the principle of financial accountability applicable to legal practices in Africa and if so, in what way? (20)C) Discuss the meaning of the principle of financial accountability? (20)

 

Paper#29326 | Written in 18-Jul-2015

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