What is the meaning of allowance account?

A reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets.
- synonyms: valuation reserve, valuation account, allowance

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APA	WordNet. (2010). allowance account. Retrieved September 20, 2026, from http://smartdefine.org/allowance_account/definitions/1255826
Chicago	WordNet. 2010. "allowance account" http://smartdefine.org/allowance_account/definitions/1255826 (accessed September 20, 2026).
Harvard	WordNet 2010, allowance account, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/allowance_account/definitions/1255826>.
MLA	WordNet. "allowance account" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/allowance_account/definitions/1255826>

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