Allegation

Allegation
An allegation refers to an assertion of fact made in a pleading, typically within the context of legal proceedings. It is a formal statement of an issue that the party raising it expects to prove.
Burden of Proof
The burden of proof is the duty of a party in a trial to substantiate an allegation or issue to avoid dismissal or convince the court of the truth of a claim, essential in both civil and criminal lawsuits.

Accounting Terms Lexicon

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