In this chapter, we will explain the options available for sales-based contracts, the steps required to carry out sales-based settlements, and the different options available for those settlements. In this chapter, we will discuss the following:
Sales rule and reporting rule
Sales-based rent settlement
Let us understand this using a business scenario.
Take a fast food restaurant that is let out by the company Purna Multinational Retail Limited to Samurai Fireworks Limited for monthly rent. It can be either fixed monthly rent ...