* Underwriting commission one is debited to____?
1-Underwriting commision alc?
2- Underwriter's A/C?
3- Share Allotment Alc?
4- None of the above?
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4-None of the above?,
may be answer.
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Underwriting commission one is debited to the underwriter's A/C. (Option 2)
- Underwriting is a service that financial institutions like insurance companies, banks, etc. provide.
- In cases like financial loss, damages, etc. underwriting guarantees payments to their customers.
- An underwriter is responsible for selling the company's securities in return for some commission.
- Underwriting commission is the payment or commission paid to an underwriter for owning all the risks associated with an issue.
- This commission is debited to the underwriter's account.
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