Uncollected Funds, Under Applied, Under Absorption :




Uncollected Funds : the non-payment of the capital that has been pledged such as the drawing of checks without their being charged against the account from which drawn



Under Applied = Under Absorption: the charges whose recovery has not been full, such as for overhead in a cost accounting system. For instance, assuming that the allocation of the overhead were done on the basis of the number of units produced or the number of operating hours, then in case the units produced or the hours of operation decline, it would leave behind a part of the overhead cost which cannot be applied to the product’s cost. The exceeding of the actual cost over that on which the budget and allocation of overhead is based also confers a similar situation.




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