Terms starting with
Unpaid Expenses
Unpaid expenses are costs incurred but not yet paid at the end of an accounting period. They are recorded as accrued liabilities and expensed on…
READ MOREUnappropriated Retained Earnings
Unappropriated retained earnings are the portion of net income not designated for a specific purpose (like dividends or reserves). They remain available for reinvestment or…
READ MOREUnit Cost
Unit cost is the total expense incurred to produce, store, and sell one unit of product or service. It includes direct costs like materials and…
READ MOREUncollectible Accounts
Uncollectible accounts are receivables that are deemed unlikely to be recovered, often due to customer default or bankruptcy. These bad debts are written off from…
READ MOREUnsecured Loan
An unsecured loan is a loan that isn’t backed by collateral. Lenders rely on the borrower’s creditworthiness and financial stability. Because of higher risk, unsecured…
READ MOREUnrealised Loss
An unrealised loss occurs when the value of an asset drops below its purchase price, but it hasn’t been sold. Like unrealised gains, these losses…
READ MOREUnrealised Gain
An unrealised gain is the increase in value of an asset that hasn’t yet been sold. It reflects a paper profit, not actual cash flow.…
READ MOREUnearned Revenue
Unearned revenue is money received before a product is delivered or a service is provided. It’s recorded as a liability on the balance sheet because…
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