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hello everyone youre watching saheb Academy if you like our videos then please subscribe to our Channel and also hit the bell again for the regular updates and also follow us on Instagram so have Academy now lets go to the video hi everyone in this video we are going to start this new chapter called royalty accounts now this chapter royalty accounts would probably be in your first film or second sim depending upon your universities this chapter is a very simple chapter and easily you can score full marks from this chapter in here exams ok so now lets start this chapter with the help of an example to understand the concept in more detail lets see theres a person called Ravi okay lets say theres a person called Ravi who is an author by profession okay and he has written a book he has written a book ok he has written a book and this Ravi now wants to print and publish this book ok so what he does is he goes to this company called he contacts this company called ABC publishers ok A