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Problems Sum Number 1 A Company leased a colliery on 1st January 2007 at a minimum rent of 20000 merging into a royalty of rs150 per ton with power to recoup short workings over the first four years was 9000 tons 12000 tons 16000 tons 20000 tons respectively Pass the necessary journal entries for each of.
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Accounting Problems On Royalties
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