👉 Concessional is a term used in accounting and finance to describe a reduction or allowance made to an asset or liability as part of a financial transaction. This practice allows for adjustments to account balances, reflecting the difference between what was originally recorded and what is actually being recognized by the company. For example, if you sell a product with a cost basis of $100 and then record a gain on that sale at 25%, the company would recognize this gain in its financial statements as an
