Royalty
Yatty harcounts
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Explanation:
1. Royalties Accounting Entries in Books of Lessee
When Royalty is Due. Royalties A/c Dr. 4,00,000. Short Workings A/c Dr. 1,00,000. To Zen A/c. ...
Entry for Making Payment. Zen A/c Dr. 5,00,000. To Cash/Bank A/c. 5,00,000. (Being cash paid to Zen)
Closing Entry at the Year End. P&L A/c Dr. 5,00,000. To Royalty A/c. 5,00,000
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what we have to do with it.
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