On first April 2012, the Mital Colleries Ltd. Took a piece of land on

lease. A Minimum rent of Rs. 2000 in the first year , Rs. 4000 in the

second year , and therefore Rs. 6000 per annum , is to be merging into a

royalty of 40 paisa per ton , with power to recoup short workings over

the first three years of the lease only. The figures of annual output for

the years from 1.4.2012 to 31.3.2016 , were 1,000, 10,000, 18,000, and

20,000 ton respectively. Pass the journal entries and show necessary

accounts in the books of the Mital Colleries Ltd.