|What is Royalties?
For accounting purpose, how to treat royalties paid and royalties received?
For royalties paid, it represent a charge or debit against Revenue Account or in the case of manufacturing concern, a charge against the Manufacturing Account
For royalties received, it represents income and as such will be credited to the Revenue Account
March 3rd, 2011 Comments off
December 18, 2015
May 16, 2013
- In Personnel Management,do you think that labour turnover has any advantages to an organization? List a few potential advantages
May 17, 2013
May 21, 2013
- In an organization, briefly explain the benefits or advantages and disadvantages of decentralization
May 25, 2013
- What are the advantages and disadvantages of using Common Stock Financing from the viewpoint of the Corporation