Divisible property-bankruptcy, Financial Accounting

Assignment Help:

DIVISIBLE PROPERTY

The property of the bankrupt divisible among creditors includes:

Property belonging to the bankrupt at the commencement of the bankruptcy;
Property acquired by him before his discharge ("after - acquired property"); and
In certain cases, property owned by, or in the hands of, third parties.

The 'property' of a bankrupt includes property held under a joint tenancy.

Related Discussions:- Divisible property-bankruptcy

Accrual Accounting-adjusting entry, What are some examples of adjusting ent...

What are some examples of adjusting entries that are made at the end of the accounting period to bring general lever accounts balance in accordance with GAAP.

Explain the auditing standards, Q. Explain the Auditing Standards? Audi...

Q. Explain the Auditing Standards? Auditing Standards - Guidelines to which an AUDITOR adheres. Auditing standards encompassauditor's professional qualities, as well as her or

Statement of financial position, how to prepare statement of financial posi...

how to prepare statement of financial position?

Committee of inspection-bankruptcy, COMMITTEE OF INSPECTION Appointme...

COMMITTEE OF INSPECTION Appointment : A committee of inspection may be appointed by the creditors at their first or any subsequent meeting to supervise the trustee.

Assessing project risk, In assessing project risk it is significant to be c...

In assessing project risk it is significant to be clear about the meaning of risk. From an academic perspective risk demotes to a set of circumstances regarding a given decision wh

What is the cost per dinner based on average sales, Question: Airways C...

Question: Airways Catering prepares dinner for several airlines, and sales average 500,000 dinners per month. The cost of each dinner is made up principally of the cost of meat

Case, I need help on my accounting assignment

I need help on my accounting assignment

Which depreciation method would produce the higher npv, Wendy is evaluating...

Wendy is evaluating a capital budgeting project that should last for 4 years. The project requires $ 800,000 of equipment. She is unsure what depreciation method to use in her anal

Ratio analysis, This subject has really beeen difficult for me. This is, by...

This subject has really beeen difficult for me. This is, by far, the most challenging assignment I have had to deal with. Please help! If someone can do it for me, that would be ev

Concepts in accounting, Mr. Inherits 30000. Decides to open a salon jj salo...

Mr. Inherits 30000. Decides to open a salon jj salon. On 1/4/2016 commits 10000 to the business Opens an a/c in the bank What will be the money under capital in his books on 1/4/10

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages