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CELE SQE1 模拟练习

Examination Timing: 00H00M53S

A firm of solicitors is acting for the executors of a deceased man’s estate. It has just obtained the grant of probate. When it applied for the grant of probate, the firm paid the probate application fee of £273 from its business bank account. The firm receives £5,225 from the deceased man’s bank, being the closing balance of the deceased man’s account with the bank, which it pays into its general client bank account. The firm has received, but not yet paid, an invoice for £100 (no VAT payable) addressed to the firm from a local valuer who provided a probate valuation of the deceased man’s furniture. The firm submits a bill to the executors as follows: 

  • Professional charges £1,000 

  • VAT £200 

  • Paid disbursement (probate fee) £273 

  • Unpaid disbursement (valuation fee) £100 

  • Total £1,573 


What is the maximum amount the firm can transfer to its business bank account?

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The firm can transfer the entire billed amount to its business bank account, as the bill includes both professional charges and disbursements. The total amount on the bill is £1,573, which includes: Professional charges: £1,000 VAT: £200 Paid disbursement (probate fee): £273 Unpaid disbursement (valuation fee): £100 Even though the £100 valuation fee has not yet been paid, it is included in the bill as an unpaid disbursement. The firm can transfer the full amount billed to its business account, ensuring that the funds are available to pay the outstanding disbursement when it becomes due. 


Key Point: This question addresses the proper handling of client funds and disbursements according to the Solicitors' Accounts Rules. Understanding how to correctly bill and transfer funds ensures compliance with professional regulations and proper financial management.

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