Underwriters term definition

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.

Uncollectible accounts receivable

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. …

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