Royalty is a revenue expenditure to lessor Sol:

Related MCQs

• If the royalty is less than minimum rent , the balance of royalty account at the end of the year has to be transfer to Sol:
• Lessor is the ………… Sol:
• ………………..account is credited when lessor receive an amount Sol:
• Treatment of capital expenditure as revenue expenditure is
• When the benefits of revenue expenditure is available for a period of two or three years, the expenditure is known as-
• The Income and Expenditure Account includes all revenue expenses and income irrespective of its cash flow Sol:
• What is Royalty? Sol:
• Mining Royalty is based on Sol:
• Patent Royalty is based on Sol:
• Copyright royalty is based on Sol: