Description

FAC1602 Assignment 4 QUIZ (Complete Answers) Due April 2024

Question 1
Which one of the following alternatives is false?
a. With a simultaneous liquidation, the liquidation account (a prot or loss on liquidation) is
transferred to the partners’ capital accounts in their prot-sharing ratio.
B STA MNG DSC Tutoring
b. A piecemeal liquidation will ensure that assets are realised at the best possible selling price.
c. A simultaneous liquidation allows a partnership to continue with activities until the liquidation of all the assets is concluded.
d. With a simultaneous liquidation, a single liquidation account is prepared.
e. A piecemeal liquidation allows a partnership to continue with activities.
f. In the case of a piecemeal liquidation, a liquidation account is prepared for each phase of the liquidation process.

FAC1602, FAC1602 Assignment 4, FAC1602 Quiz, Complete Answers, Due April 2024, FAC1602 Comprehensive Solutions, FAC1602 Quiz Submission, FAC1602 Academic Assessment, FAC1602 Coursework, FAC1602 Student Guide, FAC1602 Quiz Answers, FAC1602 Study Material, FAC1602 Deadline April 2024, FAC1602 Educational Task, FAC1602 Examination Prep, FAC1602 Assignment Submission, FAC1602 Academic Performance, FAC1602 Learning Activity, FAC1602 Course Review, FAC1602 Answer Key, FAC1602 Student Support, FAC1602 Quiz Preparation, FAC1602 Assessment Criteria, FAC1602 Course Objectives

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Description

FAC1602 Assignment 4 QUIZ (Complete Answers) Due April 2024

Question 1
Which one of the following alternatives is false?
a. With a simultaneous liquidation, the liquidation account (a prot or loss on liquidation) is
transferred to the partners’ capital accounts in their prot-sharing ratio.
B STA MNG DSC Tutoring
b. A piecemeal liquidation will ensure that assets are realised at the best possible selling price.
c. A simultaneous liquidation allows a partnership to continue with activities until the liquidation of all the assets is concluded.
d. With a simultaneous liquidation, a single liquidation account is prepared.
e. A piecemeal liquidation allows a partnership to continue with activities.
f. In the case of a piecemeal liquidation, a liquidation account is prepared for each phase of the liquidation process.

FAC1602, FAC1602 Assignment 4, FAC1602 Quiz, Complete Answers, Due April 2024, FAC1602 Comprehensive Solutions, FAC1602 Quiz Submission, FAC1602 Academic Assessment, FAC1602 Coursework, FAC1602 Student Guide, FAC1602 Quiz Answers, FAC1602 Study Material, FAC1602 Deadline April 2024, FAC1602 Educational Task, FAC1602 Examination Prep, FAC1602 Assignment Submission, FAC1602 Academic Performance, FAC1602 Learning Activity, FAC1602 Course Review, FAC1602 Answer Key, FAC1602 Student Support, FAC1602 Quiz Preparation, FAC1602 Assessment Criteria, FAC1602 Course Objectives

Reviews

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Only logged in customers who have purchased this product may leave a review.

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