Question

Coal Ltd. leased land from Sunil Kumar at a royalty of 25 paise per ton of coal raised. Minimum rent was
24,000. Short-working was to be recouped during the first four years. The coal raised in the first four years
was as follows:
Years
Ton
2011-12
80,000
2012-13
90,000
2013-14
60,000
2014-15
1,20,000 (Strike 3 months)
2015-16
90,000
There was a provision for proportionate reduction in minimum rent in case of stoppage of work by strike,
lock-out, accident, etc. Show the relevant ledger ac
count in the books of Coal Ltd.​

Answer 1

Answer:

Coal Ltd. leased land from Sunil Kumar at a royalty of 25 paise per ton of coal raised. Minimum rent was

24,000. Short-working was to be recouped during the first four years. The coal raised in the first four years

was as follows:

Years

Ton

2011-12

80,000

2012-13

90,000

2013-14

60,000

2014-15

1,20,000 (Strike 3 months)

2015-16

90,000

There was a provision for proportionate reduction in minimum rent in case of stoppage of work by strike,

lock-out, accident, etc. Show the relevant ledger ac

count in the books of Coal Ltd.