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    Financial Accounting
  4. Exam
    Exam 7: Understanding the Concepts of Lessor, Lessee, and Minimum Rent
  5. Question
    Dead Rent Is Also Called …………
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Dead Rent Is Also Called …………

Question 10

Question 10

Multiple Choice

Dead rent is also called …………


A) Outstanding rent
B) Minimum rent
C) Prepaid rent
D) All of the above

Correct Answer:

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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

Q11: The objectives od fixing dead rent is

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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

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