Unearned 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 the business still owes the service or goods. As the obligation is fulfilled, it is gradually recognised as earned revenue on the income statement.
More Items
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…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.