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

How do I prepare a partial income statement under each inventory method?

The costs that follow were extracted from the accounting records of various different manufacturers: 1.    Weekly wages of an equipment maintenance worker 2.    Marketing costs

Cherry Ltd has the following segment information from the consolidated financial statements for the years ended 31 December 2011 and 2012: Operating segments C V I N$ N$ N$ Sales

CONSOLIDATED BALANCE SHEET The consolidated balance sheet involves adding assets and liabilities of the subsidiary to those of the holding company while excluding inter-company

Absorption costing is a cost accounting method that tries to charge all direct costs and all production costs of an organization to specific units of pr

Legal Aspects There is no law relating to branch accounts but examination problems under this heading are frequently linked to either partnership or company account problems. Ans

Can anyone here help me in this question ?? Kindly tell how can we solve it Mr. “A” starts a new business. Before to start the business operation, he has purchased vehicle Rs. 1,

Terry Corporation had 300,000 shares of common stock outstanding at December 31, 2010. In addition, it had 90,000 stock options outstanding, which had been granted to certain execu

KAM Computer Timeshare Company entered into the following transactions durnig May 2014 Decribe the effects of each transaction on assets, liabilities, and owner's equity. 1. Purcha