Question

distinguish between royalty receivable and royalty payable​

Answer 1

Explanation:

The 'Lessor' is the owner of assets. Author of a book, holder of patent, land lord of mine etc. ... 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.

Answer 2

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