Generally we see that a long time is spent on realisation of assets after dissolution of firm . But we can distribute it in installment basis . When any part of assets sells and we get the amount that amount is called gradual realisation and its piecemeal distribution is done with following method.1) First of all we pay all realisation expenses out of series realisation of assets
2) After this we pay outside liabilities like trade creditors , B/P out of this realisation of assets.
3) After this we repay the loan of partner .
4) In end we repay the partner's capital out of this realisation of assets
