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What is accountings?

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Anonymous

9y ago
Updated: 3/3/2022

Accounting is the present participle of account, or the development and use of a system for recording and analyzing finances.

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What type of businesses use accountings?

THREE TYPE OF ACCOUNTINGS1= personal a/c2= real a/c3= nominal a/c


How can you find out if your trustee is taking monies from the trust account?

There should always be provisions that the trustee must provide periodic accountings to the trustor and the beneficiaries. There should be at least annual accountings where the trustee must account for every cent coming into the trust and every cent going out. If the trustee refuses then you should petition the court to compel the trustee to provide an accounting ASAP.


Why were the Nazi's so meticulous in the accountings when transporting the Jews?

I've always suspected the Nazis were proud of their efficiency in cleansing parts of Europe of those they considered undesirable.


What happens to an adult declared mentally incompetent Where do they go What happens to their property?

When a person is declared mentally incompetent the court will appoint a guardian and that guardian has control over the ward and the ward's property. The guardian can make decisions about placement. The guardian is under the jurisdiction of the court and must act in the bet interest of the ward. If the real estate must be sold they must request a license to sell real estate from the court and then use the proceeds for the support of the ward. They will be required to provide annual accountings to the court .When a person is declared mentally incompetent the court will appoint a guardian and that guardian has control over the ward and the ward's property. The guardian can make decisions about placement. The guardian is under the jurisdiction of the court and must act in the bet interest of the ward. If the real estate must be sold they must request a license to sell real estate from the court and then use the proceeds for the support of the ward. They will be required to provide annual accountings to the court .When a person is declared mentally incompetent the court will appoint a guardian and that guardian has control over the ward and the ward's property. The guardian can make decisions about placement. The guardian is under the jurisdiction of the court and must act in the bet interest of the ward. If the real estate must be sold they must request a license to sell real estate from the court and then use the proceeds for the support of the ward. They will be required to provide annual accountings to the court .When a person is declared mentally incompetent the court will appoint a guardian and that guardian has control over the ward and the ward's property. The guardian can make decisions about placement. The guardian is under the jurisdiction of the court and must act in the bet interest of the ward. If the real estate must be sold they must request a license to sell real estate from the court and then use the proceeds for the support of the ward. They will be required to provide annual accountings to the court .


What is the difference between test of transactions and test of details?

Test of transaction is a test set up to dectect monetary error in accountings. On the other hand, Test of balance are again directed towards detecting monetary errors in the financial statement. The only difference is that testing is concentrated on the balance itself and not the individual transaction which comprise the balance. Through management's assertion, one can derive the objectives.


Can a heir make a executor provide a list from the attorney of all the settlements paid to executor from ongoing lawsuits?

The heir has no such authority. The court requires those accountings as part of the statutory probate process. The executor must list all the assets that come into the estate in the inventory filed with the court. To end the probating of the estate the executor must file a final account showing where and how the assets were spent or distributed. All the estate assets must be accounted for. You can visit the court, request the case file, review all the documents and filings it contain and obtain copies.The heir has no such authority. The court requires those accountings as part of the statutory probate process. The executor must list all the assets that come into the estate in the inventory filed with the court. To end the probating of the estate the executor must file a final account showing where and how the assets were spent or distributed. All the estate assets must be accounted for. You can visit the court, request the case file, review all the documents and filings it contain and obtain copies.The heir has no such authority. The court requires those accountings as part of the statutory probate process. The executor must list all the assets that come into the estate in the inventory filed with the court. To end the probating of the estate the executor must file a final account showing where and how the assets were spent or distributed. All the estate assets must be accounted for. You can visit the court, request the case file, review all the documents and filings it contain and obtain copies.The heir has no such authority. The court requires those accountings as part of the statutory probate process. The executor must list all the assets that come into the estate in the inventory filed with the court. To end the probating of the estate the executor must file a final account showing where and how the assets were spent or distributed. All the estate assets must be accounted for. You can visit the court, request the case file, review all the documents and filings it contain and obtain copies.


What does child guardianship mean?

'Guardianship' has two senses or meanings: 1: the responsibility of a guardian or keeper; 2: attention and management implying responsibility for safety In a legal sense a guardian of a person must be appointed by a court and then has the authority to act on behalf of the ward in legal matters. The guardian is bound by laws that pertain to fiduciaries and must file an inventory of the ward's property at the onset and regular accountings with the court.


Types of software?

Account Billing Software. Not as advanced as accountings software, but enough details and abilities to be able to track jobs and invoice customers.Accounting Software. Enough information management to handle income, expenses, accounts, profit/loss statements and other accounting software abilities.Advertising Management Software. Manage advertising and the expenses that go with it, including commissions, conversion rates and report on which sections are performing best.Asset Inventory Software. Record and track all business assets.


Can a trustee take the property placed in a trust?

Yes, but not legally. A trustee who takes property from the trust without the permission of the trustor is stealing and can be prosecuted.The maker of a trust has the right to decide what powers will be given to the trustee and all is set forth in the document that creates the trust. Trust law is extremely complicated and trust documents should be drafted by an attorney who specializes in trust and tax law. The trustee only has the authority granted in the trust.However, a trustee has broad powers over the trust property and is in a position to steal from the trust. For that reason the trustor must choose a capable person as trustee, one with good character and good organization skills, one who has the time to manage the trust property and provide accountings of all their actions taken with respect to bank accounts and property.Yes, but not legally. A trustee who takes property from the trust without the permission of the trustor is stealing and can be prosecuted.The maker of a trust has the right to decide what powers will be given to the trustee and all is set forth in the document that creates the trust. Trust law is extremely complicated and trust documents should be drafted by an attorney who specializes in trust and tax law. The trustee only has the authority granted in the trust.However, a trustee has broad powers over the trust property and is in a position to steal from the trust. For that reason the trustor must choose a capable person as trustee, one with good character and good organization skills, one who has the time to manage the trust property and provide accountings of all their actions taken with respect to bank accounts and property.Yes, but not legally. A trustee who takes property from the trust without the permission of the trustor is stealing and can be prosecuted.The maker of a trust has the right to decide what powers will be given to the trustee and all is set forth in the document that creates the trust. Trust law is extremely complicated and trust documents should be drafted by an attorney who specializes in trust and tax law. The trustee only has the authority granted in the trust.However, a trustee has broad powers over the trust property and is in a position to steal from the trust. For that reason the trustor must choose a capable person as trustee, one with good character and good organization skills, one who has the time to manage the trust property and provide accountings of all their actions taken with respect to bank accounts and property.Yes, but not legally. A trustee who takes property from the trust without the permission of the trustor is stealing and can be prosecuted.The maker of a trust has the right to decide what powers will be given to the trustee and all is set forth in the document that creates the trust. Trust law is extremely complicated and trust documents should be drafted by an attorney who specializes in trust and tax law. The trustee only has the authority granted in the trust.However, a trustee has broad powers over the trust property and is in a position to steal from the trust. For that reason the trustor must choose a capable person as trustee, one with good character and good organization skills, one who has the time to manage the trust property and provide accountings of all their actions taken with respect to bank accounts and property.


Can I sue a bank trustee for negligence overseeing an irrevocable trust Several hundred thousand dollars lost What are laws regarding discrimination deception and abuse towards beneficiary?

You should schedule an initial free consultation with an attorney who specializes in trust law and litigation. If they decide to proceed, your case would be expensive to pursue and the initial review, just to determine if you have a case, would be both time consuming and expensive. The attorney would need to seek inventories and accountings. Keep in mind that millions of people and firms have recently lost billions of dollars in investments due to the Wall Street economic crisis that affected the financial markets last Fall. It is impossible to brief you on all the laws you mentioned as they are set forth in many volumes of state, federal and administrative law.


What songs did Sharon O'Neill write with Robert Palmer as I was told that they were creative partners I think she is really talented?

Sharon O'Neill co-wrote True Love with Robert Palmer for 1991's Don't Explain as well as Love Takes Time for Robert Palmer's 1994 Honey. Sharon O'Neill was friends with Robert Palmer as well, and did back-up singing as a favor to him on Don't Explain, Honey, Rhythm and Blues and Drive. By Robert Palmer's own accountings, he enjoyed having his friends participate on his recordings. O'Neill is a successful singer and songwriter hailing from New Zealand who has charted in both New Zealand and Australia. She has also written music for movies and television shows. She still performs musically on a regular basis and is very popular in Australia, where she is now a citizen.


How do you become a commissioner?

It depends upon the jurisdiction. In some, commissioners are appointed, often by the mayor or similar official. In others, commissioners are elected. Likewise, in some places, races for the city commission are partisan and in some, non-partisan. In cases where seats are elected, not appointed, it may be necessary to mount a campaign--if there is an opponent for the seat. This involves fund-raising, appearance at groups, and before the public. It is vital to familiarize yourself with the election law of the jurisdiction. These laws likely dictate timetables for declaring candidacy, how and from whom campaign funds may be raised, the filing of accountings by the campaign of where and how money was spent, and various other factors. Whether or not the seat is contested, the candidate must be familiar with the issues upon which he/she is expected to address. His/her positions must be grounded in fact and principle, and must not be grounded only to advance his/her own interests.