Accountancy, asked by MohammedAmir1998, 8 months ago

Definition of irrecoverable short workings?

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Answered by IMrGauravI
12

Such a process of adjusting Short Working capital is known as recoupment of Short Workings. In other words, the clause of recoupment in Royalty Agreement provides the right to the lessee to recover excess payment made by him to the lessor for complying with the clause of minimum rent in the previous years.

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