Royalty Account is …… Sol:

Related MCQs

• Which of the following statements is/are true? (i) Drawings Account is a Nominal Account (ii) Capital Account is a Real Account (iii) Sales Account is a Nominal Account (iv) Outstanding salaries account is a Nominal Account (v) Patents Account is a Personal Account
• 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:
• The balance of royalty‟s receivable account is transferred to — Sol:
• The balance of royalty payable account is transferred to— Sol:
• What is Royalty? Sol:
• Mining Royalty is based on Sol:
• Patent Royalty is based on Sol:
• Copyright royalty is based on Sol:
• Short working = …………………- Royalty Payable Sol:
• Royalty is a revenue expenditure to lessor Sol: