if minimum rent is Rs 3000 and royalty payeble us Rs 1500 what will be the amount of short working
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Answer:
What is short working?
Explanation:
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Rs 1500 will be the amount of short working.
Explanation:
The short working is the condition in which the amount of royalty payment is less than the actual amount of minimum rent.
It is nothing but the difference between the actual minimum rent amount and the amount of royalty payables.
Given : minimum rent = Rs 3000
royalty payable = Rs 1500
To find : Amount of short working = ?
∴ Short working = Minimum rent - royalty payable
= 3000 - 1500
= 1500
∴ Rs 1500 is short working amount.
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