What is meant by the term “Underwriters”? Underwriters are brokerage firms, such as Merril Lynch, or groups of firms that, for a stated price, purchase the entire stock issue, and assume the risks involved in marketing the stock to their clients.
What is meant by “Unsecured Bonds”? Unsecured Bonds are those bonds that are not secured by collateral or specified assets of the borrower.
What are uncollectible accounts? Those receivables that the firm is unable to collect the full amount due from the customer are called uncollectible accounts. Accounting for Uncollectible Accounts The primary accounting issue regarding accounting for uncollectible accounts is matching the bad debts with the sales of the period that gave rise to the bad debts. …
What is Unadjusted Trial Balance? Unadjusted Trial Balance is a listing of the balances of all ledger accounts prior to the recording of adjusting entries.