Accountancy, asked by saliskunya1, 6 months ago

Royalty earned by the lessee is credited to

Answers

Answered by diyabhana

Answer:

Royalty received on the basis of output is credited to Trading or Manufacturing A/c. Whereas, royalty received on the basis of sales is credited to Profit & Loss A/c. Minimum Rent is the amount that has to be paid by the lessee to the lessor whether or not he has derived benefit from the asset.

Answered by mahajanswara03

Explanation:

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