Question

9) Recoupment of Short
1. Tata Iron and St
1st January, 2009 on
annum with pow
U givell and there is Right of Recoupment of S.W.
ement of Shortworkings during the first few years
mon and Steel Company took the lease of an iron ore mine for a period of 20 years from
Touary, 2009 on a royalty of * 2 per tonne subject to a minimum rent of 7 15.000 per
m with power to recoup shortworkings over the first four years of the lease. The output
for the first four years was as follows:
2009
2010
2011
2012
2,000
4,000
8,000
12,000
required to give Journal entries for all the years and to show Royalty Account,
workings Account and the Landlord Account in the books of Tata Iron & Steel Co.
Unrecouped Shortworkings transferred to Profit & Loss Aln in 2018 in
Year
Output (tonne) :
You are required to give​

Answer 1

I don't understand your question

Explanation:

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