What is Royalty Accounting? How it calculate? Give some
example.
Answer Posted / ashwatham b patil
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.
Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.
What is the New GL concept? how do you configure new GL a/c?
---------is the main or principle book of accounts
Assets are held in the Business for the purpose of____________________
what are the types of provisions that you would make for the end of a financial year?explain
Expand-------URM
Difference Between Revenue & Capital Expenditure (Give an Example of each )
Process of the settlement cycle?
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
what about case study
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
how many types of practice accounts?
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
Expand--------SOT