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Q. |
When the royalty are less than the minimum rent ? Sol: |
A. | Royalties account is debited with the actual amount of royalties earned |
B. | Royalties account is debited with minimum rent |
C. | Royalties account is debited with the amount paid to landlord |
D. | Royalties account is debited with the excess of minimum rent over actual rent |
Answer» A. Royalties account is debited with the actual amount of royalties earned |
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