Multiple Choice
In case f recoupment of shortworking, the lessee:
A) Debits Shortworking Account
B) Credit Profit and loss account
C) Credit short working Account
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Shortworking not recouped is debited to P/L
Q14: In the books of Lessee , short
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
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