Question

Difference between royalty reserve and royalty receivable?

Answer 1

Answer:

For it, the lessee pays a certain amount to the lessor, which is termed as royalty.Royalty payable is an ordinary business expenditure for the lessee and royalty receivable is an income for the lessor. It can be paid either on the basis of unit sold or on the basis of output.

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Answer 2

I don’t know

So,

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