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Commerce · Q1330

Accounting

Graduate and Post Graduate · Commerce · question 1330

Q1330

In the event of recoupment of short workings by the lessee, the lessor debits

A.
Minimum Rent Account
B.
Lessee's Account
C.
Royalty Reserve Account
Answer
D.
Profit and Loss Account

Answer: Option C

Solution

Answer: Option C
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