Royalty is a revenue expenditure to lessor
A) True
B) False
C) none
D) all
Correct Answer:
Verified
Q2: Lessee is the…………
A)Owner
B)User
C)None
D)Both
Q3: What is minimum Rent?
A)Payment for use of
Q4: Minimum Rent is also called
A)Dead Rent
B)Rock Rent
C)Fixed
Q5: Short working = …………………- Royalty Payable
A)Minimum rent
B)Capital
C)Cash
D)None
Q6: The minimum rent can ……………………….be proportionately, if
Q8: minimum rent is also term as dead
Q9: Royalty Account is ……
A)Nominal account
B)Real account
C)Personal Account
D)None
Q10: Short working is ………….
A)Excess of minimum rent
Q11: Surplus is…………….
A)Excess of minimum rent over the
Q12: When the royalty are less than the
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