Final answer:
The form of payment of funds is not a required element in a client ledger. Essential components include the date funds were received, the final disposition of the funds, and the account into which funds were deposited.
Step-by-step explanation:
In managing a client ledger, certain pieces of information are essential for accuracy and accountability. This record tracks all financial transactions related to a client's account.
d. The form of payment of funds is not typically required in a client ledger. Important aspects that must be included are a. The date funds were received, as this provides a timeline for transactions; b. The final disposition of the funds, which denotes what ultimately happened to the money whether it was disbursed, transferred, or refunded; and c. The account into which funds were deposited, which ensures that funds are applied to the correct client's balance. While the form of payment may be recorded for internal purposes, it is not a necessary component of the client ledger itself.