Accounting · Royalty Accounts
In case of a sub-lease, the royalty earned by the lessor is credited to which account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Royalty Receivable Account✓
- 2Shortworkings Account
- 3Profit and Loss Account
- 4Sub-lease Account
Correct answer
Royalty Receivable Account
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