allowance


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Related to allowance: Allowance for Doubtful Accounts

Allowance

allowance

An accounting term used to describe entries on a profit and loss statement for expenses that might become necessary in the future. Examples include an allowance for bad debt, in which a certain percentage of income is deducted because of the likelihood it will be uncollectible.

References in periodicals archive ?
The allowance was jacked up after the Parliamentary Affairs Division gave a proposal in that regard and presented a summary to the cabinet for its consideration in a meeting held on February 20.
The minister said that raised a critical point; whether to increase allowances for those already benefiting from government sponsorship, or to use the available funds to increase access to tertiary education but the ministry was more inclined to the latter.
The child allowance policy was one of the main presidential election pledges by Moon Jae-in, who originally planned to pay an allowance for all children.
The cost of offering executive allowance may run in multi-millions per month.
On the other hand, the KPK government has granted the executive allowance to its officers a couple of days ago.
But the national government insists the allowances were only meant for doctors employed by the Ministry of Health and the county governments.
In 2016 this allowance was paid to people serving in India, Iran, Lebanon, Mexico, South Africa and Saudi Arabia.
The report added that top officials of PARC receives research allowances of 30% of their salaries, but those officials who are not deputed in fields for research have no privilege to received this allowance.
A 10 percent special allowance will also be provided in the salaries of Pakistan Army soldiers.
Additional allowances has been restructured, the government has doubled medical allowance for pensioners to Rs 1,000.
The officers will now get monthly allowance of Rs 42500, which was earlier Rs 21000.
According to a notification issued by the Sindh Finance department the Nurses pertaining to BPS 16 will now be entitled to a uniform allowance of Rs 3100 instead of Rs.

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