Royalty accounts, accounting, Basic Statistics

Ritu acquired a mine on lease from Richa for a period of 8 years at a royalty of ` 60 per tonne of coal produced subject to minimum rent of ` 1,00,000 for the first year, increasing by ` 30,000 every year till 2,80,000 per annum is reached. Short workings of any one year may be recouped out of excess workings of the following two years only. The output during the first five years was as follows :

Year ending 31st March
2006-07 2007-08 2008-09 2009-10 2010-11
Output in tonnes
600 900 2,500 3,800 5,000
Prepare accounts in the buks of lesse
Posted Date: 3/16/2012 10:25:44 AM | Location : United States







Related Discussions:- Royalty accounts, accounting, Assignment Help, Ask Question on Royalty accounts, accounting, Get Answer, Expert's Help, Royalty accounts, accounting Discussions

Write discussion on Royalty accounts, accounting
Your posts are moderated
Related Questions
The average cost per night of a hotel room in New York City is $273 (SmartMoney, March 2009). Assume this estimate is based on a sample of 45 hotels and that the sample standard

Northern Hi-Tec Electronics Limited manufactures six computer peripheral devices: internal modems , external modems , circuit boards , CD drives , hard disk drives , and memo

Agglomerative hierarchical clustering methods/procedures Methods of cluster analysis that start with each individual in the separate cluster and then, in the series of steps, c

A business starts out with a cash balance of £1,000. It then makes the following transactions: Buys inventory on credit for £500 Sells a non-current asset for £100 cash Sells goods

method of measuring trend

Budgeted accounts Accounts that are theme to the misappropriation or sometimes to appropriation and/or allotment process. Refer to APPROPRIATION and portion.

(b) P(X = 8)

explain the characteristics of statistics

Nortel is considering the purchase of a new call routing system. The system will cost $50M to purchase, an additional $7M to install, and will last for 30 years. The CCA rate assoc