Table of Contents
What is the full meaning of allocated?
1 : to apportion for a specific purpose or to particular persons or things : distribute allocate tasks among human and automated components. 2 : to set apart or earmark : designate allocate a section of the building for special research purposes.
What does allocate mean example?
Allocate is defined as the act of setting aside something for a certain reason. An example of allocate is when a person sets aside a certain amount from their paycheck each week to save for an upcoming vacation. verb.
Is it allocated to or allocated for?
allocate something (for something) A large sum has been allocated for buying new books for the library. allocate something (to somebody/something) They intend to allocate more places to mature students this year. More resources are being allocated to the project.
What does allocated mean in accounting?
An allocation is the process of shifting overhead costs to cost objects, using a rational basis of allotment. Allocations are most commonly used to assign costs to produced goods, which then appear in the financial statements of a business in either the cost of goods sold or the inventory asset.
What is allocated amount?
An allocation is an amount of something, especially money, that is given to a particular person or used for a particular purpose.
What are allocated funds?
Allocated funds refers to the entire budget including externally mobilized resources such as donor funds (Loans, grants, and any other extra budget financing).
What does allocated item mean?
In an MRP system, an item for which a picking order has been released to the stockroom but not yet sent from the stockroom. In other words, it refers to the amount of inventory existing in the warehouse but which is already allocated for release.
What is the opposite of allocated?
Opposite of exclusively allocated to or intended for a particular purpose. unassigned. unallocated. undesignated. unreserved.
How do you use allocate in a sentence?
Allocate in a Sentence 🔉
- I must allocate my weekly salary in a way that allows me to pay all my bills.
- According to the company budget, we must allocate twelve percent of our financial resources to marketing.
- Sadly, the government has refused to allocate the funds needed to hire more teachers.
What is an allocated account?
Allocation Account means the deposit accounts or other accounts designated by the Authority from time to time and controlled by the Allocation Agent, into which all payments from or on behalf of Customers are to be deposited and from which transfers of estimated Charge Collections and Remittance Shortfalls are to be …
What does allocated mean in finance?
What is a payment allocation?
Payment allocation is the process of applying a payment toward an account’s open items, balancing all credits and debits, and then closing all balanced items.
How are funds allocated?
After planning expenses for a project, the project manager requests funding. The finance manager determines the funding required across projects and determines how to secure the required funds. After the funding source is determined, the finance manager allocates the funds back to the projects.
What is budget allocated?
What is Budget Allocation? Budget allocation is a pretty simple concept: It refers to the amount of spending allocated to each expenditure line, which in layman’s terms basically means the amount of money you spend on each thing your company spends money on.
What does allocated mean in delivery?
Allocation is the process of assigning physical product items from inventory to shipping orders and then fulfilling each shipping order from the appropriate fulfillment site, such as a retail store, warehouse, virtual site, or drop-ship vendor.
What does status allocated mean?
The allocation status of an allocatable object is one of the following during program execution: Not currently allocated, which means that the object has never been allocated, if it is given that status by the allocation transfer procedure, or that the last operation on it was a deallocation.