Multiple Choice
royalty is an agreement between the following person
A) Seller and buyer
B) Banker and customer
C) Among all partners
D) Lessor and lessee
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Royalty Account is ……<br>A)Nominal account<br>B)Real account<br>C)Personal Account<br>D)None
Q2: Royalty is a revenue expenditure to lessor<br>A)True<br>B)False<br>C)none<br>D)all
Q3: Royalties is calculated either on the basis
Q4: What is minimum Rent?<br>A)Payment for use of
Q6: Shortworking can be recouped only out of
Q7: Surplus is…………….<br>A)Excess of minimum rent over the
Q8: Minimum Rent is also called<br>A)Dead Rent<br>B)Rock Rent<br>C)Fixed
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
Q11: The objectives od fixing dead rent is