Accountancy, asked by rkvaniyan123, 3 months ago

write a note on :piecemale distribution of cash and its significance​

Answers

Answered by prithvi10jan
0

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.

Hope it helps u mate ❣️

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