👉 In the context of accounting, "preallegation" refers to a situation where an entity has already incurred expenses or made payments and is now required to pay back these amounts to another party. This can occur in various scenarios such as: 1. A company may have incurred expenses related to a project that was not completed on time but the company decided to pre-allocate those costs for future projects. 2. An individual may have taken out a loan from a bank and is now required to repay the
