Question

royalty has which balance in trial balance​

Answer 1

Explanation:

Royalty is payable by a user to the owner of the property or something on which an owner has some special rights. ... It is a nominal account and at the end of the accounting year, balance of Royalty account need to be transferred to the normal Trading and Profit & Loss account.

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Answer 2

Explanation:

It is a nominal account and at the end of the accounting year, balance of Royalty account need to be transferred to the normal Trading and Profit & Loss account. Royalty, based on the production or output, will strictly go to the Manufacturing or Production account.