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Trust accounting is a specialised branch of accounting as funds are being held by the trustee on behalf of another person or corporation.
In some situation the rules applied differ from generally accepted accounting principles and can vary from jurisdiction to jurisdiction.
For further information and clarification of Trust Accounting, please follow the link below to go to the Queensland Law society's Trust Accounting Resources page.
http://www.qls.com.au/For_the_profession/Practice_support/Resources/Trust_accounting_resources