{"id":469,"date":"2019-06-25T08:36:48","date_gmt":"2019-06-25T08:36:48","guid":{"rendered":"https:\/\/www.youngistanjunction.com\/?p=469"},"modified":"2019-06-25T08:40:03","modified_gmt":"2019-06-25T08:40:03","slug":"royalty-accounts-introduction-terms-use-summary","status":"publish","type":"post","link":"https:\/\/www.youngistanjunction.com\/royalty-accounts-introduction-terms-use-summary\/","title":{"rendered":"Royalty Accounts – Introduction, Terms Use, Summary"},"content":{"rendered":"<p><strong>Royalty Accounts – Introduction, Terms Use, Summary<\/strong> :-\u00a0 Here in this post we are going to discuss about the meaning, definition and introduction to the Royalty Accounts. We will also discuss the Terms Uses in Royalty.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">On This Page<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6766ae3c16461\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6766ae3c16461\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.youngistanjunction.com\/royalty-accounts-introduction-terms-use-summary\/#Introduction_Definition_Meaning_of_Royalty_Accounts\" title=\"Introduction\/ Definition, Meaning of Royalty Accounts :-\">Introduction\/ Definition, Meaning of Royalty Accounts :-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.youngistanjunction.com\/royalty-accounts-introduction-terms-use-summary\/#Terms_Use_In_Royalty\" title=\"Terms Use In Royalty :-\">Terms Use In Royalty :-<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Introduction_Definition_Meaning_of_Royalty_Accounts\"><\/span><strong>Introduction\/ Definition, Meaning of Royalty Accounts :-<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Amount paid (or Payable) by the lease to The landlord(or owners) for transferring of special right to use any particular property is termed as royalty accounts.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Terms_Use_In_Royalty\"><\/span><strong>Terms Use In Royalty :-<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li><strong>Year<\/strong> :- it means year of lease production.<\/li>\n<li><strong>Output<\/strong> :- production\/yield in a year period.<\/li>\n<li><strong>Royalty<\/strong> :- Output x rate of royalty as par the agreement.<\/li>\n<li><strong>Minimum rent<\/strong> :- A minimum amount that must be paid to the landlord at any circumstances.<\/li>\n<li><strong>Short working<\/strong> :- Excess payment made due to short production in a year termed as a short working.<\/li>\n<li><strong>Short working recouped(s.w.r)<\/strong> :- Adjustment of short working from excess working as par the condition provision agreed between the two.<\/li>\n<li><strong>Short working Recoupment<\/strong>\u00a0:- Transferred to profit and loss account the short working that can not be adjusted in future it is transferred to profit and loss account.<\/li>\n<li><strong>Amount paid to landlord<\/strong> :- A final adjusted amount that is paid to the landlord.<\/li>\n<\/ul>\n<p>This is all about the post, your suggestions and corrections are welcomed here, please comment in box with corrections or suggestions.<\/p>\n<p>Keep visiting Our <a href=\"https:\/\/www.youngistanjunction.com\/category\/education\/commerce\/graduation\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>Graduation Commerce Section<\/strong><\/em><\/a> for more topics.<\/p>\n<p>Thanks for visiting and reading, <em><strong>Have A Great Day !!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Royalty Accounts – Introduction, Terms Use, Summary :-\u00a0 Here in this post we are going to discuss about the meaning, definition and introduction to the Royalty Accounts. We will also discuss the Terms Uses in Royalty. Introduction\/ Definition, Meaning of Royalty Accounts :- Amount paid (or Payable) by the lease to The landlord(or owners) for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Royalty Accounts - Introduction, Terms Use, Summary- B.Com 1st Year<\/title>\n<meta name=\"description\" content=\"Royalty Accounts - Introduction, Terms Use, Summary PDF short notes meaning difination details b.com 1st year topics detailed short 2019 latest royality\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.youngistanjunction.com\/royalty-accounts-introduction-terms-use-summary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Royalty Accounts - 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