Multiple Choice
Which of the following statement is false
A) If a lessee leases a part of the leased property to another person , it is called sublease
B) Royalty receivable account is opened in the books of Lessor
C) Recoupable short working is a current assets
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Lessor is the …………<br>A)Qwner<br>B)User<br>C)None<br>D)Both
Q16: Which of the following statement is false?<br>A)Recoupable
Q17: If the royalty is less than minimum
Q18: In case f recoupment of shortworking, the
Q19: Royalties are connected with the following types
Q20: The minimum rent can ……………………….be proportionately, if
Q21: Short working = …………………- Royalty Payable<br>A)Minimum rent<br>B)Capital<br>C)Cash<br>D)None
Q22: minimum rent is also term as dead
Q23: Short working is ………….<br>A)Excess of minimum rent
Q25: Lessee is the…………<br>A)Owner<br>B)User<br>C)None<br>D)Both