A promotional allowance is a financial incentive provided by manufacturers to retailers or wholesalers, aimed at boosting the sales of the manufacturer's products through various promotional activities.
A retail display allowance entails a reduction in the amount due from a retailer to a manufacturer in exchange for granting more prominent display space to the manufacturer's products in the retailer's store or on shelf.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.