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