Agency
In Indiana, the duty of accounting in an agency relationship requires an agent to:
APrepare annual financial statements for the client
BAccount for all money and property received on behalf of the client✓ Correct
CSet up a trust for the client's funds
DProvide the client with tax advice
Explanation
The duty of accounting requires the agent to keep accurate records of all money and property received on behalf of the client and to provide a full accounting upon request.
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