Alberta General Insurance Level 1 Practice Exam

Question: 1 / 400

What is NOT one of the functions of a Broker's Accounting System?

Expense detail and budgetary control

Managing the company's social media accounts

A broker's accounting system is designed to manage and track financial transactions and records for a real estate brokerage. This includes functions such as expense detail and budgetary control, accounts receivable control, and trust and operating account control. However, managing a company's social media accounts is not a function related to accounting and would not be integrated into a broker's accounting system. Options A, C, and D are all directly related to financial management, making option B the only incorrect choice.

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Accounts receivable control

Trust and operating account control

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