Question

20.A company acquired lease of a mine at a minimum rent Rs.10000 p.a the royalty
was fixed at Rs.0.50 per tonn
e. short working could be recouped with in three
years following the year in which the short working occur. If there is stoppage of
production due to strike in any year, the Minimum rent would be proportionately
reduced in regard to the length of stoppage.
The output (in tonnes) of the Mine was as follows:
1978 - 8000, 1979 - 12,500, 1980- 21,500, 1981 -26,000,1982-7,000(strike)
1983- 30.000
During 1982, there was strike lasting for 3 months. Show the necessary ledger
a/c for each of the years in the books of the company.
***
Dane dof 4​

Answer 1

Question:

20.A company acquired lease of a mine at a minimum rent Rs.10000 p.a the royalty

was fixed at Rs.0.50 per tonn

e. short working could be recouped with in three

years following the year in which the short working occur. If there is stoppage of

production due to strike in any year, the Minimum rent would be proportionately

reduced in regard to the length of stoppage.

The output (in tonnes) of the Mine was as follows:

1978 - 8000, 1979 - 12,500, 1980- 21,500, 1981 -26,000,1982-7,000(strike)

1983- 30.000

During 1982, there was strike lasting for 3 months. Show the necessary ledger

a/c for each of the years in the books of the company.

***

Dane dof 4

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