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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 30 May 2017|
|Consolidated as at: 17 Mar 2006|
Division 5 - Journals
34. Transfer journal
(1) A firm must maintain a journal which contains the following details in respect of each transfer:
(a) the date of the transfer;
(b) the trust ledger account from which the money is transferred;
(c) the trust ledger account to which the money is transferred;
(d) the amount transferred;
(e) the purpose of the transfer.
(2) Transfer journal entries are to be maintained
(a) in proper sequence; and
(b) in a secure manner.