Utility Expense
Utility expense represents the cost of services such as electricity, water, gas, and internet used in business operations. It is classified as an operating expense and recognised on an accrual basis to reflect the period in which the utility is consumed.
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Ultimate Beneficial Owner (UBO)
Under UAE Cabinet Resolution No. 58 of 2020, companies must maintain a register identifying individuals who ultimately own or control 25% or more of the company,…
Utilization Rate
Utilization rate measures how effectively a company uses its available resources, such as labour hours or machinery capacity. It is…
Usury
Usury refers to the practice of charging excessively high interest rates on loans beyond legally permitted limits. While primarily a…
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