Question

Z Co. Ltd took a lease from landlord for a period of 25 years from 1st January 2015 on royalty of Rs 2 per ton of coal raised with a minimum rent of Rs 20000 and power to recoup short workings during the first four years of the lease. The annual output was as follows

year Output (tons)

2015 5000

2016 8000

2017 10000

2018 15000

2019 20000

Prepare ledger accounts in the books of Z .Co Ltd.

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Answer 1

Answer:

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