Patent Royalty is based in Sales of a Product Sol:

Related MCQs

• Patent Royalty is based on Sol:
• 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:
• A few errors committed in Ahhiwalia's books of account are given below. State which errors would affect the Trial Balance. (a) Sales of `950 to Ram completely omitted from books of account (b) Purchases of `720 from Shyam entered in the purchases journal as `700 (c) Purchases Journal is overcast by `1,000 (d) Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal's account (f) Bank overdraft shown under debit column in the Trial Balance (g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq (h) Wages paid for installation of machinery debited to wages account
• Mining Royalty is based on Sol:
• Copyright royalty is based on Sol:
• What is Royalty? Sol:
• Short working = …………………- Royalty Payable Sol:
• Royalty is a revenue expenditure to lessor Sol:
• Royalty Account is …… Sol:
• When the royalty are less than the minimum rent ? Sol: