Distribution to a beneficiary-trusts laws and accounts, Financial Accounting

Distribution to a beneficiary

Before distribution to a beneficiary, the investments will be re-valued and the profits or losses divided between the beneficiaries as follows:-

  • Capital investments, equally, or according to the terms of the will or trust deed;
  • Accumulation investments, according to the balances on the Income

 

Accumulations Account at the commencement of the year. A beneficiary may be paid out the share due to him in one of the following ways:-

  • Exact division of each investment,
  • Appropriation in specie by agreement and adjusting either way in cash,
  • All investments realised and the amount due to the beneficiary paid to him.
Posted Date: 12/15/2012 1:07:55 AM | Location : United States







Related Discussions:- Distribution to a beneficiary-trusts laws and accounts, Assignment Help, Ask Question on Distribution to a beneficiary-trusts laws and accounts, Get Answer, Expert's Help, Distribution to a beneficiary-trusts laws and accounts Discussions

Write discussion on Distribution to a beneficiary-trusts laws and accounts
Your posts are moderated
Related Questions
Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the

recommendation regarding the current south African vat system

Explain:- Q.1 Explain the ways in which the needs of internal and external users of accounting information are the same and different. Q.2 Why is it important for financial sta

I need help with my homework

Zoum Corporation had the following transactions during 2014: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Acquired land

What are the Advantage of limited liability Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of i

Profit is not cash flow: Adequate cash is essential to keep business running. Inadequate cash increases the risk of not being able to meet current obligations as and when the

PURPOSE The purpose of this assignment is to provide learners opportunity to discuss the significance of the significance of the accounting principles and the qualitative chara

You have previously been exposed to the 'Introduction and analysis' of financial statements in previous sections of this course. From now you might have acquired several familiarit

Describe the accounting concept of a business combination. Business Combination: According to International Financial Reporting Standard-3 Business Combinations "A busi