Ch 5: Estate & Trust Accounting

About This Chapter

Take a look at this accounting chapter for an overview of estate and trust accounting topics. Available 24/7, these simple lessons and quizzes can help anyone who needs to improve their accounting knowledge or prepare for an upcoming exam.

Estate & Trust Accounting - Chapter Summary

This comprehensive accounting chapter explores topics related to estate and trust accounting. Inside, you'll find short and simple lessons that break down topics like trust account taxation, charge and discharge statements, legacies in estate distribution and the different trust account types. Following each lesson is a short quiz to help you reinforce your estate and trust accounting knowledge. You can also submit questions to our instructors if they arise. The chapter is entirely self-paced, and when you're finished, you'll be able to:

  • Recognize different types of trust accounts
  • Understand the taxation of trust accounts
  • Describe the role of an accountant in estate and trust accounting
  • Identify estate distribution legacy types
  • Apply accounting theory to estates and trusts
  • Prepare a charge and discharge statement

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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