Royalty accounting is covered under Companies Act 1956 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:
• As per the rules framed under the companies Act, 1956, if the dividend proposed by a company is 12% of the paid up capital, the amount to be transferred to reserve must not be less than
• Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
• 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:
• Royalty Account is …… Sol: