Class 11 & 12 Accountancy - Piecemeal Distribution Video by Let\'s Tute

Theoretically speaking, Piecemeal denotes something being done piece by piece or one stage at a time. In accounting, "Piecemeal Distribution" is a method wherein as and when money is received from sale of assets, it is used to pay liabilities in stages or gradually. In this session you will learn what is piecemeal distribution, the order of payment and how statement of excess capital and statement of distribution is prepared through a simple example.