Answered

Get comprehensive solutions to your problems with IDNLearn.com. Ask your questions and receive comprehensive and trustworthy answers from our experienced community of professionals.

What is the definition of commingling?

A. Combining a client's funds with business or personal funds
B. Holding a client's funds in a temporary account
C. Holding onto a check written by a client until the day of closing
D. Using a client's funds without her permission

Sagot :

GinnyAnsweridn

Final answer:

Commingling involves mixing a client's funds with personal or business funds, which is a serious financial practice issue.


Explanation:

Commingling refers to the act of combining a client's funds with business or personal funds. This practice is highly discouraged in accounting and finance as it can lead to serious legal and ethical issues. For example, if a real estate agent mixes their personal funds with the money paid by clients for property transactions, it could be considered commingling and can result in severe consequences.


Learn more about Commingling in business finance here:

https://brainly.com/question/40709055


Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.