Question

0.3
Narayan wants to manufacture and sell machinery patented by Balu on a royalty
basis. Royalty is Rs.50 per unit, minimum rent being Rs.20,000 in the first year.
Rs.22.000 in second year and Rs.24,00û from on third year onwards. Short
working can be recovered in the next two years. The output and sales was 250
units in the first year, 400 units in the second year, 480 units in the third year
and 600 units in the fourth year.
Give Journal entries in the books of Narayan.

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Answer 1

so this answer is :

Answer 2

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Narayan wants to manufacture and sell machinery patented by Balu on a royalty

basis. Royalty is Rs.50 per unit, minimum rent being Rs.20,000 in the first year.

Rs.22.000 in second year and Rs.24,00û from on third year onwards. Short

working can be recovered in the next two years. The output and sales was 250

units in the first year, 400 units in the second year, 480 units in the third year

and 600 units in the fourth year.

»General entries are

⭐the entries should be filled without any error.

⭐no vacant apace should be left.✔