Question

Bengal Coal Ltd leared a
collery on 1st January 2018 at minimum rent of RS.30000, royalty of Rs.1 per ton with a stipulated to recoup short working over the first 3 year of the lease . the output for the first four years of the lease was 16000,26000,42000,and 36000 tons respectively pass necessary journal entries and also prepare ledger account in the books of lease and lessor under without minimum rent account

Answer 1

Answer:

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