#73 Royalties | Financial Accounting | CMA | CMA Inter | CA | CA Inter |

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🔥 Unleash your potential, chapter by chapter. Elevate your CMA preparation now! 🚀 Topics discussed in this video:
                STUDY NOTE 8
                   ROYALTIES

1. Introduction to Royalties
2. Common Terms Used in connection with accounting for Royalties
3. Minimum Rent or Dead Rent
4. Short Working or Redeemable Dead Rent
5. Excess Working
6. Ground Rent Or Surface Rent
7. Recoupment of short workings
i) Fixed Right
ii) Fluctuating Right
8. Strike and Lockout
9. Accounting in the books of Lessee/Licensee/Publisher etc.
i) Where the actual royalty is less than the minimum rent
ii) Where the actual royalty is more than the minimum rent.

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