Teaching UP TGT Mock Test Series 2025 Accountancy Journal Entries

Closing entry at the end of the year in the books of "Lessor"

1
Royalty a/c debit and Credit to P & L a/c.
2
Profit and Loss a/c Debit and Credit to Royalty a/c
3
Royalty a/c. Debit and Credit to Trading a/c
4
None of the above
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