Question

On 1st January 2010 X Ltd. took on lease a mine from Y Ltd. on a royalty of < 15 per tonne
of mineral extracted with a minimum rent of 30,000 per annum. The following relate to the
working of X Ltd. for the first five years.
Year:
2010 2011 2012 2013 2014
Quantity in tonnes: 1400 1600 1800 2200 2000
Give journal entries and ledger accounts in the books of X Ltd. assuming that there is no
provision for recoupment of shortworkings during subsequent years.​

Answer 1

Answer:

Are you are asking a company question

Explanation:

think before you ask or asking maths