Worksheetspiecemeal distribution of cash
Total questions: 11
Worksheet time: 4mins
For finding unit value capital is divided by
Profit Sharing Ratio
Capital Ratio.
partners ratio
none of the above
After finding the unit value of three partners A, B and C we select the unit value
Which is lowest.
Which is highest
Average
all of the above
Unit value we multiply with each one's
Profit Sharing Ratio
Capital Ratio.
Average
none of the above
Realisation of assets on dissolution is
sudden
unexpected
creditors
none of the above
Employees dues are
Preferential liabilities
Contingent liabilities
External liabilities
none of the above
Preferential liabilities are
Payable to creditors
Payable to government
Payable to government
payable to partners
General Reserve should be
Distributed in profit sharing ratio
Distributed in capital ratio
Not distributed among the partners
remain same
Profit & Loss Account debit balance should be
Deducted from Capitals
Added to Capitals
Transferred to Realisation Account
multiple from capital
In piecemeal distribution liabilities of a firm are paid before
Distribution of cash among the partners.
Sale of asset
Revaluation of assets
Any reserve in the Balance
Employees dues payable on the date of dissolution is treated as
Secured creditors
Preferential creditors
Unsecured creditors
None of the above
Unit value we multiply with each one's
Profit Sharing Ratio
Capital Ratio.
Average
none of the above
