Accountancy, asked by mayurib1662, 5 months ago

explain pro rata in piecemeal distribution.

Answers

Answered by devashish913

Answer:

Explanation:

Theoretically speaking, Piecemeal denotes something being done piece by piece or one stage at a time. In accounting, "Piecemeal Distribution" is a method wherein as and when money is received from sale of assets, it is used to pay liabilities in stages or gradually.

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