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When the Royalty Are Less Than the Minimum Rent

Question 12

Multiple Choice

When the royalty are less than the minimum rent ?


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

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