What is the meaning of allowances?

Reductions to gross sales that occur when customers are given partial credit for sold goods that the buyer is not satisfied with. An accounting term usually used together with returns.

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APABarry Goldsmith. (2010). allowances. Retrieved September 20, 2026, from http://smartdefine.org/allowances/definitions/1147506
ChicagoBarry Goldsmith. 2010. "allowances" http://smartdefine.org/allowances/definitions/1147506 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, allowances, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/allowances/definitions/1147506>.
MLABarry Goldsmith. "allowances" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/allowances/definitions/1147506>