1. ABC Pvt. Ltd acquired the right to publish a book
entitled “Accountancy easy” From Writer at a royalty of Rs.
20 per copy of the book sold. The minimum rent was fixed at
Rs. 30,000 per year. It was agreed, that the short workings
of any year can be recouped with in 2 years immediately
following the year in which short workings occurred.
The no. of copies sold during the five years was as
following:
1. 1st year -1000
2. 2nd year -1400
3. 3rd year -1800
4. 4th year -3000
5. 5th year -1200
Show royalties account in the books of the publisher.
- 1 Answers
- 3019 Views
- Accounting, I also Faced
- E-Mail Answers
Answer Posted / sanal
How to calculate ?
pls enter calculations.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What does the standard journal entry includes?
Under what type of account do the unearned revenues fall?
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
How did you chose your university?
Mention what does the investment of personal assets by the owner will do?
Tell me what is ledger?
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
pass journal entry for Prepaid insurance
are tpt, freight & packing charges part of sales & purchase ??
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
What is meant by turnover?
what is the procedure to appoint an Austrlian citzen as indian company director...
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
