Accountancy, asked by dnyaneshwargarad, 7 months ago

When the lessor receives payment, the
credits-

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Answered by Anonymous

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. Ans.

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