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

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.