Royalty is Rs 44,000, Minimum rent Rs 50,000. Strike is for 2 months with no work done, Minimum rent to be reduced in proportion of time, find the amount paid to Landlord.
A) Rs 5000
B) Rs 50000
C) Rs 44000
D) Rs 6000
Correct Answer:
Verified
Q12: ………………..account is credited when lessor receive an
Q13: Royalty is an income to lessee
A)True
B)False
C)none
D)all
Q14: Fixed payment made for the used of
Q15: Patent Royalty is based in Sales of
Q16: Shortworking is Excess of Minimum Rent over
Q18: Short working is a type of taxes
Q19: Recoupment is always necessary in royalties
A)True
B)False
C)none
D)all
Q20: A person who take property on lease
Q21: Royalty accounting is covered under Companies Act
Q22: Partnership firm is constituted under the….
A)indian partnership
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