Question

On 1st January 2010 Madanial took on lease, a coal field from Narayan on a royalty of 10
personne of coal raised with a minimum rent of 24,000 and with provision to recover
shortworkings within the next two years of the year of shortworkings. The lease further
provides that if in any year the minimum rent is not attained due to strike or lockout, the
minimum rent of that year may be reduced proportionate to the length in stoppage of work
The result was as follows:
Year Tonnes Raised
2010
1,600
2011
2,100
2012
2,800
2013
2,600
2014
1,600 (Strikes lasted for three months)
2015
2.500
Prepare ledger accounts in the books of Madanlal and Narayan
Ans. Irrecoverable short working in 2012 4,000 2013 ? 1,000
Minimum rent for 2014: 18,000,
Shortworking carried forward to 2016 * 1,000.​

Answer 1

Answer:

6479643100005

Explanation:

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