What is debtors allowance?
submitted by Mahlatse

lerato

Reductions made on a debtor's account because of the goods that are returned or overcharged

Pleasance

A sum of money paid regularly to a person to meet the needs or expenses of the debtor.

dforce

when goods are sold on credit, sometimes the debtor is not satisfied with part or all of the goods . Businesses that want to keep good customer relations will provide a facility for goods to be returned. This is Debtor's Allowance.

Lyneez

The value (selling price) of goods bought on credit by a debtor and which is now returned by the debtor

Sheceena Joseph

It is used for summarising those return/rebate on goods or services previously recorded in the debtors journal.

Kelly Emilia Mugonera

A debtor's allowance is when a debtor return's damaged good's, and sometimes get a discount.

Mbalentle

The right of debtors to return goods that they are not satisfied with, goods that might be damaged, expired, etc

sipheyena

an agreement in which a buyer receives something of value now and agrees to repay the seller at a later date

Emmanuel s Mnguni

Payment made over a returned item to the debtors, might be damaged , expired, or over charge. It result in reducing the Cost of sales and affect the gross profit