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

Question

Quizplus · Accepted Answer

Fiduciary accounting refers to the management and accounting of assets held in a trust or estate by a fiduciary, who has a legal obligation to act in the best interest of the beneficiaries. Non-profit accounting refers to the management and accounting of finances for non-profit organizations, while testamentary accounting and temporary accounting are not commonly used phrases in accounting.

Which of the Following Phrases Is Frequently Used to Refer