On 1st January, 2004, 'A' took a mine on lease for 10 years. The rate of profession fee is 50 paise per tonne and the minimum fare is Rs. 8,000 per annum. Short working amount has the right to be recovered till 31st December, 2008. Production was as follows-
2004 ⇔ 3,000 ton, 2005 ⇔ 10,000 ton, 2006 ⇔ 20,000 ton, 2007 ⇔ 28,000 ton, 2008 ⇔ 14,200 ton.
The amount to be given to the landlord for the year 2006 is
A. Rs. 8,000
B. Rs. 9,000
C. Rs. 10,000
D. Rs. 12,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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