Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.


To allocate means to assign or divide expenses or income.

If a college secretary worked for both the English and History department, we would divide her salary in two and assign half of her salary as an expense of the history department and half as an expense of the English department. If two sales associates worked together to land a big account, we might allocate half the commission to each associate.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?