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- Examples of allowances in accounting include12:
- Transport allowance
- Travel allowance
- Entertainment allowance
- Uniform allowance
- Housing allowance
- Tool and equipment allowance
- Medical allowance
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Transport allowance Travel allowance Entertainment allowance Uniform allowance Housing allowance Tool and equipment allowance Medical allowancequickbooks.intuit.com/global/resources/accounting/…For example: An allowance is created for bad debts that are expected to arise from invoices sent to customers. An allowance is created for sales returns that are expected from current shipments to customers. An allowance is created for warranty claims expected from current shipments to customers.www.accountingtools.com/articles/allowance - People also ask
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