Unrealised 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 are not final until the asset is disposed of. They may still impact financial reporting, depending on the accounting standards used.
More Items
Under-absorption of Overheads
Under-absorption of overheads happens when the allocated overheads to products or jobs are less than the actual overheads incurred. It…
Unfavourable Variance
An unfavourable variance occurs when actual costs exceed budgeted or standard costs, or when actual revenue falls short of expectations.…
Utility Expense
Utility expense represents the cost of services such as electricity, water, gas, and internet used in business operations. It is…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.