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History for Allowance (history as of 12/23/2013 09:47:51)

The term allowance is defined with different purposes. For example: accounting allowance would be used as an expense such as a business trip or office supplies. In addition, an allowance could be deducted from an invoice as an incentive for a large order, or compensate the buyer for an expense or mistake. A company may have an allowance for estimating time or material for production. Therefore, an allowance is amount of money which has been budgeted or allotted for a specific purpose.

  

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