FA – Nov 2011 – L1 – SA – Q17 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS 16

This question asks for the term used to describe the amount agreed to be paid by a tenant to a landlord.

Question

The amount agreed to be paid by a tenant to a landlord for the use of his property for economic reasons is known as?

Answer

Royalty or Tenancy fee

Explanation: A royalty or tenancy fee is the agreed payment made by a tenant to the landlord for the use of property or land. This payment compensates the landlord for allowing the tenant to use the property for economic purposes, such as business or residence.

Tags: Rent, Tenancy
Level: Level 1

Topic: Accounting for Property, Plant, and Equipment (PPE) IAS 16
Series: NOV 2011

Uploader: Theophilus

FA – Nov 2011 – L1 – SA – Q17 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS 16

This question asks for the term used to describe the amount agreed to be paid by a tenant to a landlord.

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FA – Nov 2011 – L1 – SA – Q17 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS 16

This question asks for the term used to describe the amount agreed to be paid by a tenant to a landlord.

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Knowsia AI Assistant

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