Definitions
- Referring to the ability to assign or attribute a cost or expense to a particular department, project, or activity. - Talking about the portion of an expense that can be assigned to a specific entity or category. - Describing the ability to distribute or allocate resources in a fair and appropriate manner.
- Referring to the ability to divide or distribute something, such as funds or resources, among different entities or categories. - Talking about the portion of a benefit or liability that can be attributed to a specific entity or category. - Describing the ability to assign responsibility or blame to different parties based on their share of involvement or contribution.
List of Similarities
- 1Both words refer to the ability to divide or distribute something among different entities or categories.
- 2Both words involve assigning a portion or share to a specific entity or category.
- 3Both words are commonly used in accounting, finance, and legal contexts.
What is the difference?
- 1Usage: Allocable is more commonly used in accounting and finance contexts, while apportionable is more commonly used in legal contexts.
- 2Focus: Allocable focuses on the ability to assign costs or expenses to a particular department or project, while apportionable focuses on the ability to divide or distribute something among different entities or categories.
- 3Type of item: Allocable is used for costs or expenses, while apportionable is used for benefits, liabilities, or responsibilities.
- 4Responsibility: Apportionable implies assigning responsibility or blame based on the share of involvement or contribution, while allocable does not have this connotation.
Remember this!
Allocable and apportionable are synonyms that refer to the ability to divide or distribute something among different entities or categories. However, allocable is used for assigning costs or expenses to a particular department or project, while apportionable is used for dividing benefits, liabilities, or responsibilities among different parties. Additionally, allocable is more commonly used in accounting and finance contexts, while apportionable is more commonly used in legal contexts.
