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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Unit Trust
A unit trust is a collective investment scheme where investors pool funds to invest in diversified assets such as stocks,…
Underwriting Commission
Underwriting commission is the fee paid to underwriters for assuming the risk of buying and reselling securities or insurance policies.…
Unearned Discount
An unearned discount is the portion of a financial discount received before it is actually earned, typically on prepaid expenses…
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