Accountancy, asked by tamim1, 1 year ago

what is royalty?and what is royalty account

Answers

Answered by Abdul11th
14
Royalty payment is made to the legal owner of the property, patent, copyrighted work or franchise by those who wish to make use of it for the purposes of generating revenue or other such desirable activities.

It will helpful for you
Answered by Akash2424
3
Right answer given by Abdul
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