Question

write one word/phrase which can substitute each of the following statements The amount paid to the author of the book for its use​

Answer 1

Answer:

There are various subsidiary books are maintained by the business to record specif transactions like sales day book, purchase day book, sales return book, purchase return book, bills payable books, bills receivable books etc.

All credit purchases are recorded in Purchase Day Book. After a period, the total of purchase day book is posted to ledger in "Purchase A/c"

Answer 2

Answer:

The word used is 'Royalty'

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