Question

Account da.
x yzcompany takes a dease ... /9 of a mine for a term of four
years from I January 2017 Paying a mininum rent of 10000 per
annum, merging in a royalty of 50 paisa per ton of coal raised.
The lease contains Provision to the effect that if the minimum
rent paid in any year exceeds the royalty for the year, the
amount of such as excees may be recouped by the company out
of
the royalty payable in the following year only coul is
raised as follows 2000 tons in 2017, 12000 tons in 2018; 24000
tons in
2019; 130000 tons in 2020 pass the journal enteries
enteries and all ledgers
necessary to record these transactions in the books of
the xgz company.​

Answer 1

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