Question

Piecemeal distribution means division of
physical assets in pieces among the
partners
Select one:
a. FALSE
b. TRUE​

Answer 1

Answer:

Make adjustments from the following information given below while preparing P and L account. Loan at 12% P,A (cr) Rs 15000 Interesjugon Loan (dr) Rs 10@ 8% P.A (dr) Rs 10000 Interest on deposit (cr) Rs 500​

Explanation:

Answer 2

Answer:

Correct option is option (a) that is, False, because "Piecemeal Distribution" is a technique wherein as and whilst cash is received from sale of property.

Explanation:

Piecemeal denotes something being accomplished piece by way of piece or one stage at a time. In accounting, "Piecemeal Distribution" is a technique wherein as and whilst cash is received from sale of property, it is used to pay liabilities in tiers or step by step. On the session you may analyze what's piecemeal distribution, the order of fee and how assertion of extra capital and declaration of distribution is prepared via a easy instance.

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