In professional language, allowances are also called:
A) Ledgers
B) Master accounts
C) Accounts payable
D) Late charges
E) None of the above

Question

Quizplus · Accepted Answer

Allowances in professional language refer to specific financial adjustments or provisions made for certain expenses or losses, and none of the options provided (Ledgers, Master accounts, Accounts payable, Late charges) accurately describe allowances.

In Professional Language, Allowances Are Also Called