Commerce Exam > Commerce Questions > Mohan took a mine on lease for 20 years . Rat...
Start Learning for Free
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton?
Most Upvoted Answer
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton ....
Assuming that Mohan is mining a certain mineral, let's calculate his royalty and rent for a year:
- Let's say Mohan mined 5000 tons of the mineral in a year.
- His royalty for the year would be 5000 x Rs1/ton = Rs5000.
- His rent for the year would be the higher of the minimum rent or the royalty: max(Rs8000, Rs5000) = Rs8000.
- However, there's a condition that any short working for the year (i.e. if Mohan mines less than a certain amount) will not be recouped. This limit is when the yield is less than 4000 tons. So, if Mohan mined only 3000 tons in a year, his rent would still be Rs8000, and he wouldn't get any refund for the shortfall.
- If Mohan mined more than 4000 tons, his rent would still be Rs8000 (since that's the minimum rent), but he would get additional royalty for the extra tons mined.
It's worth noting that the terms of the lease (such as the minimum rent and short working condition) would have been negotiated between Mohan and the lessor (the owner of the mine). The terms may vary depending on the mineral being mined, the location of the mine, and other factors.
- Let's say Mohan mined 5000 tons of the mineral in a year.
- His royalty for the year would be 5000 x Rs1/ton = Rs5000.
- His rent for the year would be the higher of the minimum rent or the royalty: max(Rs8000, Rs5000) = Rs8000.
- However, there's a condition that any short working for the year (i.e. if Mohan mines less than a certain amount) will not be recouped. This limit is when the yield is less than 4000 tons. So, if Mohan mined only 3000 tons in a year, his rent would still be Rs8000, and he wouldn't get any refund for the shortfall.
- If Mohan mined more than 4000 tons, his rent would still be Rs8000 (since that's the minimum rent), but he would get additional royalty for the extra tons mined.
It's worth noting that the terms of the lease (such as the minimum rent and short working condition) would have been negotiated between Mohan and the lessor (the owner of the mine). The terms may vary depending on the mineral being mined, the location of the mine, and other factors.
Community Answer
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton ....
115rs
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton?
Question Description
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton?.
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton?.
Solutions for Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? defined & explained in the simplest way possible. Besides giving the explanation of
Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton?, a detailed solution for Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? has been provided alongside types of Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? theory, EduRev gives you an
ample number of questions to practice Mohan took a mine on lease for 20 years . Rate of royalty is rs1/ton .Minimum rent is 8000 / year. Short working for that year will not be recouped in which yield will be less than 4000 ton. & If in any year yield is more than it then only 50% of excess will be used for recoupment of short workings. Prepare landlord a/c in books of leasee Mohan when yield for - 1 year- 3500 ton 2 year -7000 ton 3 year -7500 ton 4 year- 9000 ton? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup