👉 Franking, in accounting terminology, refers to a special method of recording expenses or revenue. It involves converting a percentage into a dollar amount by subtracting a fixed amount from it before applying that amount to the expense or revenue. The term "franking" is often used in conjunction with the word "fractions," as it represents a way of allocating costs or revenues according to their relative importance and significance, similar to how fractions are used in mathematics for dividing things into equal parts.
