Accounting Dictionary - Letter A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Allocation
is a process of assigning a portion of an entire amount to each of several accounting periods. Allocation includes the assignment of assets to expenses (e.g., recognizing depreciation on fixed assets) and the assignment of liabilities to revenues (e.g., recognizing unearned revenue as earned revenue) over several periods.
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