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CBSE Class 12-commerce Answered

what are/is royalties?
Asked by Shruti | 02 Nov, 2017, 06:39: PM
answered-by-expert Expert Answer

Royalty refers to a kind of remuneration which is payable to an individual or business firm for the use of long term assets such as copy rights and trade mark according to license agreement. 

Answered by Tharageswari S | 03 Nov, 2017, 03:01: PM
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