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What is Royalty Accounting? How it calculate? Give some
example.
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Answer Posted / 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.
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