Question

A the owner of a patent for a plough, granted on 1st April, 2011 a licence for its manufacture to BLtd. at a Royalty पुस्तक 31 dane rupee per plough manufactured subject to a minimum rent of 5,000 per year for the first two years and 7,500 perrear thereafter. Any amount by which the royalty (calculated on the basis of ploughs manufactured) might fall short 12500 and 9,000 respectively. Prepare necessary accounts in the books of B Ltd. B closes his books every year on 31st rent during the next two years. The number of ploughs manufactured during the first five years was 2,500; 6,000; 10,000; of the minimum rent in any year was allowed to be carried forward and set off against royalties in excess of the minimum​

Answer 1

he spent , ₹ 1,90,000

hope this will help you

Answer 2

he spent , rs. 1,90,000

hope this will help you