In a manufacturing account, royalties paid
...In a manufacturing account, royalties paid
Debited to the trading account
Credited to the profit and loss account
Credited to the manufacturing account
Debited to the manufacturing account
Correct answer is D
Royalty paid on the basis of output (manufacturing) is debited to the Trading or Manufacturing Account as it is considered a normal business expenditure.
A business includes 50% mark-up on all its products. This would mean margin of ...
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.....................Departments ..................... P &nb...