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A wrote a book and gave the right of its Publication to B For Four year on the Following terms: A lump sum royalty OF ₹ 4,000 was Paid to A on April 1, 2012 and in addition a royalty of ₹ 4 Per book Sold wes Payable For each year Subject to minimum of ₹ 4,000 For 2012-13 ₹6,000 For 2013-14 and ₹7,000 For each subsequent year, this royalty being Paid on 31 April the Following number of books sold in 2012-13, 2013-14 2014-15 and 2015-16 respectively was 800, 1200, 2000 and 3,000 Prepare necessary accounts in the books of B For Four years.?
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A wrote a book and gave the right of its Publication to B For Four yea...



Calculation of Royalty Payable to A by B

  1. Calculation of Royalty for 2012-13:
    Lump sum royalty = ₹4,000
    Royalty per book sold = ₹4
    Books sold = 800
    Royalty payable = Lump sum royalty + (Royalty per book sold x Books sold) = ₹4,000 + (₹4 x 800) = ₹7,200


  2. Calculation of Royalty for 2013-14:
    Minimum royalty payable = ₹6,000
    Royalty per book sold = ₹4
    Books sold = 1200
    Royalty payable = Maximum of (Minimum royalty, Lump sum royalty + (Royalty per book sold x Books sold)) = Maximum of (₹6,000, ₹4,000 + (₹4 x 1200)) = ₹6,000


  3. Calculation of Royalty for 2014-15:
    Minimum royalty payable = ₹7,000
    Royalty per book sold = ₹4
    Books sold = 2000
    Royalty payable = Maximum of (Minimum royalty, Lump sum royalty + (Royalty per book sold x Books sold)) = Maximum of (₹7,000, ₹4,000 + (₹4 x 2000)) = ₹8,000


  4. Calculation of Royalty for 2015-16:
    Minimum royalty payable = ₹7,000
    Royalty per book sold = ₹4
    Books sold = 3000
    Royalty payable = Maximum of (Minimum royalty, Lump sum royalty + (Royalty per book sold x Books sold)) = Maximum of (₹7,000, ₹4,000 + (₹4 x 3000)) = ₹7,000


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A wrote a book and gave the right of its Publication to B For Four year on the Following terms: A lump sum royalty OF ₹ 4,000 was Paid to A on April 1, 2012 and in addition a royalty of ₹ 4 Per book Sold wes Payable For each year Subject to minimum of ₹ 4,000 For 2012-13 ₹6,000 For 2013-14 and ₹7,000 For each subsequent year, this royalty being Paid on 31 April the Following number of books sold in 2012-13, 2013-14 2014-15 and 2015-16 respectively was 800, 1200, 2000 and 3,000 Prepare necessary accounts in the books of B For Four years.?
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A wrote a book and gave the right of its Publication to B For Four year on the Following terms: A lump sum royalty OF ₹ 4,000 was Paid to A on April 1, 2012 and in addition a royalty of ₹ 4 Per book Sold wes Payable For each year Subject to minimum of ₹ 4,000 For 2012-13 ₹6,000 For 2013-14 and ₹7,000 For each subsequent year, this royalty being Paid on 31 April the Following number of books sold in 2012-13, 2013-14 2014-15 and 2015-16 respectively was 800, 1200, 2000 and 3,000 Prepare necessary accounts in the books of B For Four years.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about A wrote a book and gave the right of its Publication to B For Four year on the Following terms: A lump sum royalty OF ₹ 4,000 was Paid to A on April 1, 2012 and in addition a royalty of ₹ 4 Per book Sold wes Payable For each year Subject to minimum of ₹ 4,000 For 2012-13 ₹6,000 For 2013-14 and ₹7,000 For each subsequent year, this royalty being Paid on 31 April the Following number of books sold in 2012-13, 2013-14 2014-15 and 2015-16 respectively was 800, 1200, 2000 and 3,000 Prepare necessary accounts in the books of B For Four years.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A wrote a book and gave the right of its Publication to B For Four year on the Following terms: A lump sum royalty OF ₹ 4,000 was Paid to A on April 1, 2012 and in addition a royalty of ₹ 4 Per book Sold wes Payable For each year Subject to minimum of ₹ 4,000 For 2012-13 ₹6,000 For 2013-14 and ₹7,000 For each subsequent year, this royalty being Paid on 31 April the Following number of books sold in 2012-13, 2013-14 2014-15 and 2015-16 respectively was 800, 1200, 2000 and 3,000 Prepare necessary accounts in the books of B For Four years.?.
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