Royalty Account is ……
A) Nominal account
B) Real account
C) Personal Account
D) None of the above
Correct Answer:
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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
Q7: Royalty is a revenue expenditure to lessor
A)True
B)False
C)none
D)all
Q8: minimum rent is also term as dead
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
Q13: Which of the following statement is false?
A)Recoupable
Q14: Which of the following statement is false
A)If
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