Property Management
A property manager who collects rent, pays bills, and retains the remainder as the owner's net income is operating under which accounting method?
AAccrual basis accounting
BCash basis trust accounting — collecting income and disbursing expenses on behalf of the owner✓ Correct
CDouble-entry bookkeeping
DPercentage-of-income management
Explanation
Property managers typically collect rent and other income, pay authorized expenses, and remit the net proceeds to the owner, maintaining accurate records in a trust/escrow account.
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