CLC Managing Client & Office Accounts Practice Questions - CLC Diploma - Managing Client And Office Accounts Exam

If office money is mistakenly paid into a Client Bank Account, what action must the practice take upon discovery?

Leave the money in the client account until the financial year-end audit Transfer the money out of the client account to the office account immediately Forfeit the funds and credit them to a general client amenity pool Notify HMRC before making any ledger correction

Correct Answer:

Transfer the money out of the client account to the office account immediately

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