ACCOUNTING FOR THE ASSETS OF THE ESTATE

The fiduciary of an estate (Executor or Administrator) must give a detailed account of the:
  assets of the estate received,
  income earned by the assets of the estate, 
  expenses incurred in administering the estate, 
  debts paid on behalf of the decedent or the estate,
  payment of claims against the estate,
  loss/decrease of assets of the estate,
  distributions made to beneficiaries/distributees
and other actions taken by the fiduciary in settling the affairs of the estate.

A fiduciary can  voluntarily present this information or can be compelled to provide a formal accounting of his/her handling of the Estate.  See SCPA 2208 and SCPA 2206

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