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Administration of Property Held for Others Under Statutory Authority  

As your parents and grandparents age, you may find yourself in a position where you need to assist them with the management of their financial affairs.  Taking on this responsibility requires an understanding of what is or may become involved in financial reporting. Passing of accounts is the process by which formal accounting records for…
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Administration of Property Held for Others Under Statutory Authority  

By Nizam Shajani. CPA, CA, MBA As your parents and grandparents age, you may find yourself in a position where you need to assist them with the management of their financial affairs.  Taking on this responsibility requires an understanding of what is or may become involved in financial reporting. Passing of accounts is the process…
READ MORE