The Orissa Company Ltd. enter into a lease for a number of years which
provides for a minimum rent of 10,000 P.A., royalty of 50 paise per ton.
The Company has power to recoup short working of the first three years.
There are raise during the early years was follows:
1st year 4000 tons
2nd year 16000 tons
3rd year 28000 tons
4th year 24000 tons
show the necessary ledger account in the books of Orissa company Ltd
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