Psychology, asked by AadyaSinha9926, 6 months ago

When lessor receives payment the creditors

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Answered by roy902521

Answer:

Answer: no balance (16) When the lessor receives payment, the credits (i) Lessee account (ii) Royalty account (iii) Short workings account. Ans. (i) Lessee account Royalty earned by the lessee is credited to (i) Sub-lessee account (ii) Profit and loss account (iii) Royalty receivable account.

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