MCQOPTIONS
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| 1. |
When the royalty are less than the minimum rent ? Sol: |
| A. | Royalties account is debited with the actual amount of royalties earned |
| B. | Royalties account is debited with minimum rent |
| C. | Royalties account is debited with the amount paid to landlord |
| D. | Royalties account is debited with the excess of minimum rent over actual rent |
| Answer» B. Royalties account is debited with minimum rent | |