Question

0
On 18 January, 2011 the Johnson Collieries got a lease of a piece of land for a minimum rent
of Rs. 1,500 in the first year, Rs. 2,000 in the second year and thereafter Rs. 3,000 p.a.
merging into a royalty of 20 paise per tonne with power to recoup short-working over the
first three years only. The annual output for the first four years ending on 31" December,
2014 was 1,000, 6,000, 16,000 and 24,000 tonne respectively.
Prepare the necessary accounts in the books of Johnson Collieries.​

Answer 1

Answer:

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Answer 2

Answer:

Explanation:

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