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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