Can anybody explain to me what is royalty expense?

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Explain Prepaid Expenses In Amortization ?
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Waheed Iqbal
28-April-2017

Expense Control

Question added by Nasir Rafique , Accountant General , THE LAUNDRY BASKET
Date Posted: 2014/01/01

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by Suman Dutta , Fleet Operation in Charge , Oman Oasis Water CO SAOC

A royalty payment is made to the legal owner of a property, patent, copyrighted work or franchise by those who wish to make use of it for the purposes of generating revenue or other such desirable activities.

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