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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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helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
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my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
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