Section 1061 Of Chapter 4. Accounts From California Probate Code >> Division 3. >> Part 1. >> Chapter 4.
1061
. (a) All accounts shall state the period covered by the
account and contain a summary showing all of the following, to the
extent applicable:
(1) The property on hand at the beginning of the period covered by
the account, which shall be the value of the property initially
received by the fiduciary if this is the first account, and shall be
the property on hand at the end of the prior account if this is a
subsequent account.
(2) The value of any assets received during the period of the
accounting which are not assets on hand as of the commencement of the
administration of an estate.
(3) The amount of any receipts of income or principal, excluding
items listed under paragraphs (1) and (2) or receipts from a trade or
business.
(4) Net income from a trade or business.
(5) Gains on sales.
(6) The amount of disbursements, excluding disbursements for a
trade or business or distributions.
(7) Loss on sales.
(8) Net loss from trade or business.
(9) Distributions to beneficiaries, the ward or conservatee.
(10) Property on hand at the end of the accounting period, stated
at its carry value.
(b) The summary shall be in a format substantially the same as the
following, except that inapplicable categories need not be shown: