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A benefit allowance is money that a company or government agency provides to an employee for a specific purpose, such as transportation, healthcare costs, or a flexible spending account.
It's a fact of business life that sales aren't always final. If your customer has a problem with a purchase, it may take a sales allowance or a sales return to keep them happy. Allowances and ...
An allowance for bad debt is a valuation account used to estimate the amount of a firm's receivables that may ultimately be uncollectible. It is also known as an allowance for doubtful accounts.