the purpose of extracting marble. The lease provided for the payment of royalty of Sh.200 for every ton of marble extracted with a minimum rent of Sh.900,000 per year, payable annually on the 31st March of the year following that to which the payment relates. Provision was made for short-workings to be recouped out of subsequent excess workings during the first four years of operation.

ABC Ltd. Granted a sub-lease of one third of the area of land in question to XYZ Ltd. For 12 years effective from 1 January 2018. XYZ Ltd. Was to pay a royalty of Sh.400 per ton of marble extracted merging into a minimum rent of Sh.600,000 per year. This royalty was to be payable on the 31 January following the year end to which the royalty related. The sub-lease provided for short-workings to be recouped out of any subsequent excess workings within two years of the end of the year in which the short-workings occurred. The financial years of ABC Ltd., GHL Ltd. And XYZ Ltd. End on 31 December.

The quantities of marble extracted were as follows:

Year ended 31 December	ABC Ltd. Tons	XYZ Ltd. Tons
2017 2018 2019 2020 2021	3,200 4,300 6,700 7,800 8,000	- 800 1,200 2,000 2,500

Required:

The following accounts in the books of ABC Ltd. For each of the five years ended 31 December 2017, 2018, 2019, 2020 and 2021:

(a) Royalties payable account (4 marks)

(b) GHL Ltd. Account (4 marks)

(c) Royalties receivable account (4 marks)

(d) Short-workings accounts. (4 marks)

(e) XYZ Ltd. Account. (4 marks)