English, asked by daminibdongarwar1999, 1 month ago

21
Q)The difference between
Minimum Rent and Royalty is
known as

Answers

Answered by ohmkardebnath
1

Answer:

Accounting that is related to the transactions involving payment of the royalties is called Royalty Account. A Royalty Account is called a Nominal Account. Royalties are a source of income for the owners and an expense for the users of the product.

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