Accountancy, asked by shashankrathee07, 1 month ago

Mr Ajith has patent of safety locks. He gave right of manufacture and safe of lock to national traders for 14 years on the following terms Royalty will be at Rs 5 on each lock sold and minimum rent is Rs 1,00,000 per year . short working will be recouped in the following two year . open the necessary accounts

Year No of locks sold

2016-2017 16,000

2017-2018 18,000

2018-2019 22,000

2019-2020 36,000

Answers

Answered by mahammadyunus40
0

Answer:

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