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What is Royalty Accounting? How it calculate? Give some
example.
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Answer / chandu
Royalty calculated on land. the landlord(lesser) is the
owner of the land. The lesse has to pay the rayalty to land
lord.
Calculated on productivity. The minimum rayalty has to pay.
Ex: Coal mines.
Per year: 150000.00
Per unit: 2.00
In first year 100000 units produced
2nd year 50000 units produced.
Sol:
100000*2= 200000
the minimum rayality is 150000. but the productivity is
200000 for 1st year. The maximum amount 200000 has to pay
for 1st year.
2nd year: 50000*2=100000 only.
Minimunm amount is 150000 rayality.
The minimum amount has to pay 150000.
50000 is loss to lesse.
| Is This Answer Correct ? | 211 Yes | 37 No |
Answer / praveen
royalty is a periodical payment by one person to another in
considering some rights .the person who make the payment for
the use of asset or right is called lessee .the owner of the
asset to whom payment is paid is called lessor or landlord
royalty is a business expense and closed and transfered to
profit and loss account.
| Is This Answer Correct ? | 112 Yes | 31 No |
Answer / abhinandan.s.patil
royality is the periodical payment made by the tenant to the
landlord for using his tangible or intangible
assets royalty is caculated on the gross output or
sales made by the tenant....
examples; AJAY CO LTD has leased a land of 50acres from
Simran sharma to extract limestone Ajay Co LTD pays 10rs per
tonn as the royalty for Simran Sharma
| Is This Answer Correct ? | 68 Yes | 19 No |
Answer / santosh kumar
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| Is This Answer Correct ? | 81 Yes | 51 No |
Answer / monmoth bokul boruah
when the owner of the assets allows another party the right
to use his assets against same concederation is called
royalty.
According to William pickle. royality is the remuneration
payable to a person in respect of the use of an assets
weather hiread or purchased from such persons calculated by
reference to an varying with quantities produced or sold as
a results of the use of such assets
| Is This Answer Correct ? | 41 Yes | 11 No |
Answer / raushan kumar
royalty is the periodical payment made by tenant to landlord for using his assets
it is calculated on the basis of output in all cases but it is different in publishing industry in publishing industry royalty is calculated on the basis of how much copies are sold in market or else where.
it paid annually it may vary from year to year or as per agreement
| Is This Answer Correct ? | 36 Yes | 7 No |
Answer / ash
royalty is just like a rent .rent is paid monthly but it is
paid annualy.it is paid by lesse to the lesser.a minimum
rent must be paid by the lesse to the lesser
| Is This Answer Correct ? | 43 Yes | 23 No |
Answer / ntuti
a payment for someones previlage. it is calculated on basis
of utilisation/usage
| Is This Answer Correct ? | 35 Yes | 27 No |
Answer / ashwatham b patil
royalty is a periodical payment by one person to another in
considering some rights .the person who make the payment for
the use of asset or right is called lessee .the owner of the
asset to whom payment is paid is called lessor or landlord
royalty is a business expense and closed and transfered to
profit and loss account.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / ranganai nzvenga
royalty is a term used to denote the periodic payment made
by one person called lessee to another person called lessor
by using right lessee vested in the lessor.for example
Rangah the owner of a diamond mine and instead of
extracting the diamond himself he give the Right to another
person probably NZVENGA in return of the ammount calculated
on the basis of diamonds extracted from the mine and such a
payment is called ROYALTY.
| Is This Answer Correct ? | 5 Yes | 1 No |
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