The-definition.com

Definition

Schedule of cash payments

The schedule of cash payments shows the distribution of cash to the partners in partnership liquidation. A cash payments schedule is sometimes prepared to determine the distribution of cash to the partners in the liquidation of a partnership. The schedule of cash payments is organized around the basis accounting equation. It is especially useful when the liquidation process extends over a period of time.

The schedule of cash payments is sometimes called a safe cash payments schedule.

Share it:  Cite

More from this Section

  • Account Summary
    Account Summary is a document that summarizes financial accounts for a specified period, ...
  • Classification of cash flows
    The statement of cash flows classifies cash receipts and cash payments as operating, investing, ...
  • Insurance
    Insurance is a means of protection from financial losses due to fire, theft, and other ...
  • Unearned income
    Income received though a part of it is not applicable to the current year ...
  • Responsibility accounting
    Responsibility accounting is a part of management accounting that involves accumulating ...