Accountancy, asked by nihahusainmujawar, 3 months ago

* Underwriting commission one is debited to____?
1-Underwriting commision alc?

2- Underwriter's A/C?

3- Share Allotment Alc?

4- None of the above? ​

Answers

Answered by raghavivivekanandan
1

Answer:

4-None of the above?,

may be answer.

Answered by AnkitaSahni
0

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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