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   Accounting,

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what is the capital expenditure

3 Answers   Micro Labs,

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what is break even analysis ?

2 Answers   TCS,

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What is batch input? why we use batch input session in SAP(FICO)?

0 Answers   HGS,

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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

0 Answers  

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ESI payable in the year 2010 was Rs.11000 but not accounted for by mistake in that year.It was paid in the year 2013-14. Then what will be the journal entry?

3 Answers  

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journal

1 Answers   Bank Of America,

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WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

0 Answers   Wipro,

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What is royalty reserve?

0 Answers   Hero Honda,

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What is the difference between capital expenditure & revenue expenditure

2 Answers  

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Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Profit and loss statement,Or should it be included under head Provision for Taxation

1 Answers  

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What is Tax Groups

1 Answers   Accenture,

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