Universal Product Code, Unjust Enrichment, Unrecorded Expense, Unrecovered Cost




Universal Product Code, Unjust Enrichment, Unrecorded Expense, Unrecovered Cost :




Universal Product Code : a unique collection of numbers that aid in the identification of a specific product, represented in the form of a bar code to be used in automated systems that record sales, adjust inventory, etc.



Unjust Enrichment : a principle in law that states that an unfair benefit gained by one at the expense of the other needs to be to compensated by the beneficiary to that other



Unrecorded Expense : a cost that has though been incurred has been left unrecognised at the end of an accounting period often due to non-receiving of an invoice



Unrecovered Cost : In a cost accounting system, it refers to such expense that has not been matched properly to the activity for which it was incurred




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