There are standard transactions made with trust accounts. Research and give a brief explanation of the following standard transactions (20-30 words for each dot point)
Withdrawals EFT
Withdrawals: Withdrawals from trust accounts involve the removal of funds by authorized parties, typically for disbursing client funds or covering expenses related to the trust's purpose.
EFT (Electronic Funds Transfer): EFT is a digital method of transferring funds from one bank account to another, commonly used for trust account transactions to ensure secure and