Which of the following phrases is frequently used to refer to estate or trust accounting?

Question

Quizplus · Accepted Answer

Fiduciary accounting is the commonly used phrase to refer to estate or trust accounting as it involves managing the financial affairs of others and acting in their best interest as a fiduciary. Non-profit accounting refers to the accounting practices of non-profit organizations, and testamentary accounting specifically relates to the accounting of assets and liabilities in a will or estate plan.

Which of the Following Phrases Is Frequently Used to Refer