Question #11
In piecemeal distribution,
expenses are paid first
A
Rent
B
Realisation
с
Discount
D Carriage
Answers
Answered by
0
Answer:
Option A) Rent is correct answer.
Answered by
0
Answer:
b. Realisation
Explanation: Meaning of Piecemeal Distribution
• 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 liabilities
•If cash remains it should be payable to partners in some
particular order, without waiting for the realization of all assets
of the firm.
Order of distribution
• Realization expense
• Payment of secured creditors
• Payment of preferential creditors
• Payment of outside liabilities
• Payment of Partners loan if any
• Payment to partners capita
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