Accountancy, asked by daksharora1452, 7 months ago

Piecemeal distribution of cash

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Answered by anujkumar9814

Answer:

MEANING OF PIECEMEAL DISTRIBUTION OF CASH: If all the assets are realized immediately on dissolution of the firm, then all the liabilities may also be paid off and the partners will receive the amounts due to them on capital accounts at that time. ..

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