Top 50+ Solved Accounting for Leases MCQ Questions Answer

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Q. Short working is a type of taxes paid by the lesseeSol:

a. True

b. False

c. none

d. all

  • b. False
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Q. Recoupment is always necessary in royaltiesSol:

a. True

b. False

c. none

d. all

  • b. False
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Q. A person who take property on lease is called customerSol:

a. True

b. False

c. none

d. all

  • b. False
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Q. Royalty accounting is covered under Companies Act 1956Sol:

a. True

b. False

c. none

d. all

  • b. False
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