Question

2
Royalties?
A Colliery Company worked coal under a lease for payment of royalty at Re. I per
ton with a minimum of Rs. 30,000 per annun, shortworkings to be recovered during Mining Royalty
the subsequent three years. The output was as follows:
2001
2000
2002
2003
2004
tons: 4,000 28,000 30,000 46,000 30,000
2005
50,000
Prepare journal entries and necessary accounts in the books of the Colliery Company

for the above transactions.​

Answer 1

Answer:

the question is out of mind