The accounting summary for the fiduciary responsibility of an estate or account, given to a trustee or administrator. The charge and discharge statement settles the principal and income that comes in and leaves so the trustee can observe the cash flow.
Related information about charge and discharge statement:
- Charge And Discharge Statement Definition | Investopedia
An accounting statement for an account or estate over which someone has fiduciary responsibility. Charge and Discharge statements ultimately reconcile all ...
- Charge And Discharge Statement: Definition from Answers.com
Summary accounting of the principal and income associated with a fiduciary responsibility such as that of an administrator or trustee of an estate.
- What is charge and discharge statement? definition and meaning
Definition of charge and discharge statement: The accounting summary for the ... The charge and discharge statement settles the principal and income that ...
- The Myth of the Charge and Discharge Statement - JStor
the charge and discharge statement. A minority of authors have presented alter- native forms of executorship reports. Al- though executors must report in the ...
- a primer on the uniform principal and income act - Leimberg.com
In Illustration 1, notice that this charge and discharge statement presents two reports - one on the principal (equity) account, the other on the income (equity) ...
- Flexible Fiduciary Accounting From The Outset Of Administration
... a set of Uniform Principles and Model Account Formats that would serve as one way to properly account by a so-called Charge and Discharge Statement.
- Trust & Estate Taxes & Accounting - San Diego CPA: Business Tax ...
Charge and Discharge Statement – The fiduciary's financial statement. Fiduciary accounting is NOT accounting under business Generally Accepted Accounting ...
- CCH - Fiduciary Accounting
Apr 3, 2006 ... Examples of journal entries, a sample Charge and Discharge Statement, and a Balance Sheet are provided. Topics covered include: ...