Fixed payment made for the used of an assets is called Financial Lease
A) True
B) False
C) none
D) all
Correct Answer:
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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
Q12: ………………..account is credited when lessor receive an
Q13: Royalty is an income to lessee
A)True
B)False
C)none
D)all
Q15: Patent Royalty is based in Sales of
Q16: Shortworking is Excess of Minimum Rent over
Q17: Royalty is Rs 44,000, Minimum rent Rs
Q18: Short working is a type of taxes
Q19: Recoupment is always necessary in royalties
A)True
B)False
C)none
D)all
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