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 ?
As an employee of MCAs, how can a speaker get house allowance before the members?
The working paper mentioning the audit objections also said that since employees working in RO Scales were already being paid salaries according to revised pay scales along with Adhoc Relief Allowance 2016,2017 and 2018, therefore, the Director (Costing and Pricing), while having charge of Director (Budget and Accounts), did not stop making payments.
While the grade 18 doctors would also get similar allowances against their initial basic pay and grade 19 would get 50 percent of special health care allowance, professional health allowance and 50 percent each non-practicing and teaching allowance against their initial basic pay.
ALLOWANCES for cabinet members in St Helens are the highest in the Liverpool City Region.
Sources in the Parliamentary Service Commission (PSC) confided to the Saturday Nation that MPs had come up with the new allowance as a "safety net" in case the tml" target="_blankcontroversial housing allowance is stopped by the courts.Already, the Salaries and Remuneration Commission (SRC) has gone to court to challenge the housing allowance on the grounds that MPs, being State officers, lack the powers to decide their own remuneration.
Simultaneously, the commando allowance for the members in parallel ranks of Sri Lanka Army, Sri Lanka Navy and Sri Lanka Air force will be increased up to Rs.5, 000 from Rs.1, 000 effective today.
You might be eligible for this if: you're married, or in a civil partnership and are not in receipt of Married Couple's Allowance one of you earns less than the Personal Allowance so is not liable to tax or liable to tax at the higher or additional rates.
He said the government led by Prime Minister Sheikh Hasina introduced FF allowances as part of her determination to show honour and respect to them.
In its annual audit report, the COA said the Napolcom should cease its distribution of P9.09 million in dietary supplement allowance to its officials and employees, including contractual personnel.
The officers in the above mentioned grades had been demanding the allowance since long.
Assistant Minister of Tertiary Education, Research, Science and Technology, Mr Fidelis Molao noted that while the living allowance had been reduced from P1 920 to P1 420 per month, the decision was not an indication that students were being given enough, but was rather due to budgetary constraints arising from the effects of the economic recession.
Conservative proposals included reducing special responsibility allowances for all leadership positions by 25%; reducing the allowance for deputy leader of the minority party in opposition by 90%; and reducing committee chair allowances by 50%.

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