It is a privlage, take it away if they do not work their keep.
no
Answer this question… Convincing your parents to increase your allowance is an example of what?
You will have to ask your parents that question. WikiAnswers has no way of knowing this.
No an asset it is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability. if it must be counted as an asset or liability, u can treat it as an opposide of asset.
Ask for it!
Sales returns and allowances is not a liability rather these are expenses or reduction in actual sales
What kind of an account (asset, liability, etc.) is Allowance for Doubtful Accounts, and is its normal balance a debit or a credit?
depends on the parents who are giving the allowance
Your parents give it to you.
You can get an allowance by making a deal with your parents. for example if she or he pays you 5$ a week to do certain chores.
Probably to show them that they think the teenager is mature enough to have an allowance.
Answer this question… Convincing your parents to increase your allowance is an example of what?