Minimum Rent in the first year Rs 1,00,000 and will be increased by Rs 10,000 p.a. for three years and then after by 10% per year. What is the amount at the end of 6th year?
A) Rs 100000
B) Rs 157300
C) Rs 168000
D) Rs 200000
Correct Answer:
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Q1: Recoupment of shortworking can be restricted or
Q2: Calculate units manufactured during the year. Units
Q4: Royalty is Rs 64,000, Minimum rent Rs
Q5: What is the example of wasting assets
A)Land
B)Mine
C)Stock
D)Fixed
Q6: Who is the person take the property
Q7: Royalty is an ………………….to lessee
A)Income
B)Expense
C)Both
D)None
Q8: When the lessor receives payment, the credits-
A)Lessee
Q9: The balance of royalty?s receivable account is
Q10: The balance of royalty payable account is
Q11: Under the average clause, the loss is
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