Question

Under Piecemeal distribution, assets are
realised​

Answer 1

Answer:

The

amino acids brought in by tRNA are bonded

together by peptide bonds with the help of

rRNA. During this process, the ribosome

keeps on moving from one end of mRNA to

other end by the distance of one triplet codon.

This is called as ‘translocation’.

Answer 2

REALISATION ACCOUNT IN PIECEMEAL DISTRIBUTION

Under Piecemeal distribution, assets are realised gradually and hence whenever cash is received, cash will be debited and Realisation Account credited.

GETTING TO KNOW MORE ABOUT REALISATION ACCOUNT:

* In terms of registering the sale of assets, payment of liabilities, and so on, piecemeal cash distribution does not add any additional difficulty. The partial distribution statement will show how funds will be used.

* The Realisation Account will be debited for costs, while the Cash Account will be credited. The account in question will be debited, and the Cash Account will be credited, in order to make payments to creditors. If anything is paid to partner after that, his loan or capital account (depending on the situation) will be deducted and cash credited.

* After all assets have been realised, the Realisation Account will be closed as normal, with the amount being transferred to the capital accounts in the profit sharing ratio.