Answer to Question #227101 in Accounting for Asa

Question #227101
If the amount owing on a clients’ business account exceeds the amount available on the clients’ trust creditors account, then the amount to be transferred from trust account to the business account is limited to the amount available on the trust creditors account.
True
False
1
Expert's answer
2021-08-18T13:49:30-0400

True

Before a transfer is made from the trust to the business account, it is one of the requirements.


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