Let’s talk about royalties in accounting Accounting guide

The advance royalty payment of 5,000 is paid on the signing of the royalty agreement and is classified as a prepayment in the accounting records of the publisher (licensee). Difference of minimum rent and actual royalty is known as shortworkings where payment of Royalty is payable on the basis of minimum rent due http://mrqe.ru/buxgalterskij-uchet-i-audit.html [...]