sec.14Trust account ledger—form

sec.14 Trust account ledger—form

Each trust ledger account must contain the following particulars— the surname and initials of the person on whose behalf the trust moneys are received or paid; a brief description of the matter for which the trust moneys are received or paid. Also, each trust ledger account must contain the following particulars for each entry in the ledger account— the date the trust moneys are received or paid; the name of the person from whom the trust moneys are received or to whom the trust moneys are paid; a brief description of the matter for which the trust moneys are received or paid; the amount received or paid; if trust moneys are received—the receipt number; if trust moneys are paid—the cheque number; the balance of the account after each entry; if trust moneys are transferred to the trust ledger account from another trust ledger account under section 21 —the number of the trust account journal folio on which the transfer is recorded. (sec.14-ssec.1) Each trust ledger account must contain the following particulars— the surname and initials of the person on whose behalf the trust moneys are received or paid; a brief description of the matter for which the trust moneys are received or paid. (sec.14-ssec.2) Also, each trust ledger account must contain the following particulars for each entry in the ledger account— the date the trust moneys are received or paid; the name of the person from whom the trust moneys are received or to whom the trust moneys are paid; a brief description of the matter for which the trust moneys are received or paid; the amount received or paid; if trust moneys are received—the receipt number; if trust moneys are paid—the cheque number; the balance of the account after each entry; if trust moneys are transferred to the trust ledger account from another trust ledger account under section 21 —the number of the trust account journal folio on which the transfer is recorded.

• (a) the surname and initials of the person on whose behalf the trust moneys are received or paid;
• (b) a brief description of the matter for which the trust moneys are received or paid.
• (a) the date the trust moneys are received or paid;
• (b) the name of the person from whom the trust moneys are received or to whom the trust moneys are paid;
• (c) a brief description of the matter for which the trust moneys are received or paid;
• (d) the amount received or paid;
• (e) if trust moneys are received—the receipt number;
• (f) if trust moneys are paid—the cheque number;
• (g) the balance of the account after each entry;
• (h) if trust moneys are transferred to the trust ledger account from another trust ledger account under section 21 —the number of the trust account journal folio on which the transfer is recorded.