The following information was obtained from the accounting records of SA Attorneys:

On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction.

Which one of the following statements is incorrect for the above type of investment?

Select one:
a. The name of the trust investment account in the trust creditors ledger must also include a reference to the specific section of the legislation.
b. The investment should be made with banks with which the Legal Practitioners Fidelity Fund has entered into an arrangement.
c. 95% of the interest accrued on the above money must be paid over to A South.
d. 5% of the interest accrued on money in terms of the applicable section must be paid over to SA Attorneys.