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  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 7: Understanding the Concepts of Lessor, Lessee, and Minimum Rent
  5. Question
    In the Books of Lessee , Short Working Recovered Amount
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In the Books of Lessee , Short Working Recovered Amount

Question 14

Question 14

Multiple Choice

In the books of Lessee , short working recovered amount is debited to


A) Profit and loss account
B) Minimum rent Account
C) Royalty Account
D) Landlord's Account

Correct Answer:

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Related Questions

Q9: Shortworking means……<br>A)Excess of Minimum rent over royalty<br>B)Excess

Q10: Dead rent is also called …………<br>A)Outstanding rent<br>B)Minimum

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Q12: When the royalty are less than the

Q13: Shortworking not recouped is debited to P/L

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

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