FIDUCIARY ACCOUNTING, that branch of accounting pertaining to the accounts of one who undertakes to act in a fiduciary capacity, and, in general, any trustee who manages the affairs of a beneficiary. The fiduciary must account to a court of competent jurisdiction in the form and manner prescribed, if any. In rendering his account he will charge himself with the value of the assets with which he is intrusted, with the increase thereof as well as the income collected, if any; he will credit himself with the values of which he has divested himself, and !, with the decrease in assets, if any, as well as any proper ex penses incurred in the administration of his trust. The balance will represent the assets in his possession at the date of the accounting. (J. T. MA. )