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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Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .

3 Answers  

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Which type of transactions are used in TallyJournal?

3 Answers   Optimus,

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What is meant by Ratio analysis

2 Answers  

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WHAT CAN CLOSING STOCK SHOWING IN TRIAL BALANCE

4 Answers  

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Why do you prepare a P/L Appropriation a/c?

3 Answers  

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goods lost by fire rs10000 & insurance claim received for the same rs8000.what are the effect of this entry in final accounts?

17 Answers   Amma Enterprises, BHU, HCL, Syntel,

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Tell me entries to revenues accounts such as service revenues are usually?

0 Answers  

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What is "deposit in transit"?

0 Answers  

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Entry of advance tax

7 Answers   AB Group,

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Explain what qualities and skills make an account manager successful?

0 Answers  

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definition of debenture ?

5 Answers  

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