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Piecemeal distribution of cash pdf

Piecemeal distribution of cash pdf

 

 

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Cash. 2,000. 3,000. 5,000. TOTAL ASSETS. 3,78,250. 3,93,500 Thus the process of distribution of cash is called as Piecemeal Distribution since Piecemeal. Surplus, if any, arising at the last stage, is distributed to all partners in their profit sharing ratio. PRO-RATA PAYMENT. If the cash is insufficient to pay •Realization of assets one by one or part by part. •When the cash is received on realization of assets, it is distributed among the various outside In a piecemeal distribution, the amounts realised from assets are used to settle the liabilities in the following order: [1] Realisation expenses. Piecemeal Distribution Of Cash. Accountancy and fin mgmt III. Sybcom Sem III. Prof Nadeem Parve. Assistant Professor in Accountancy.Partnership and piecemeal distribution. Prepare important ledger accounts and Cash book. Current accounts and Capital accounts may be prepared in This method of distribution is called as. 'Piecemeal Distribution of Cash'. 1.2 MEANING. On dissolution of firm, the assets are sold and the cash thus made

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