What is another word for accounting allowance?

Pronunciation: [ɐkˈa͡ʊntɪŋ ɐlˈa͡ʊəns] (IPA)

There are several synonyms for the term "accounting allowance." One of the most common is "allowance for bad debt," which refers to the amount of money that a business sets aside to cover losses from customers who do not pay their bills. Another synonym is "provision for doubtful accounts," which is similar to the allowance for bad debt but is based on a more subjective assessment of the likelihood that certain customers will not pay. Other synonyms include "reserve for uncollectible accounts," "allowance for credit losses," and "uncollectible accounts provision." Regardless of the terminology used, these accounting allowances are important for accurately representing a business's financial position and managing risk.

What are the hypernyms for Accounting allowance?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for accounting allowance?

Accounting allowance is a term used in accounting that refers to the amount by which a company reduces the value of an asset on its balance sheet. Antonyms for accounting allowance include "addition", "increase", and "appreciation". These terms are used in situations where the value of an asset has gone up instead of down. When an asset is appreciating, it is gaining value over time, which means that its accounting value would increase. An addition or increase refers to the process of adding assets to a company's balance sheet, such as through a capital investment or acquisition. These antonyms offer a contrasting view to accounting allowance by highlighting the positive changes in a company's asset base.

What are the antonyms for Accounting allowance?

Related words: accounting allowance definition, what is an accounting allowance, accounting allowance tax code, accounting allowances, accounting allowances explained, what are the different types of accounting allowances

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