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Registrant Information
> Trust Accounts
>> Monthly Records
Trust Account Reconciliation - In accordance with Section 614 of the Commission Bylaws, every brokerage must complete monthly trust account reconciliations.
EXAMPLE OF TRUST ACCOUNT RECONCILIATION
ABC REALTY LTD.
Real Estate Trust Account
Bank Reconciliation
July 31, Year
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Balance per Bank Statement
July 31, Year
Less: Outstanding Cheques
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$
___ 3,000.00____
- _______________
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| Add: Outstanding Deposits |
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_______________
+_______________ |
Reconciled Bank Balance
July 31, Year |
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$
3,000.00
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ |
Add: Amounts held in special
trust accounts:
Year-004: Miller to Green
Year-005: Folk to Toth
Reconciled trust liability
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20,000.00
15,000.00
$ 38,000.00
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
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