appropriation account
Definition 1
General accounting: Part of the income statement (profit and loss account) that explains how a firm's profit has been used to pay dividends, and/or to increase reserves indicated in the balance sheet. It states what happens to profit, instead of how it was earned, and is usually shown separate from the main statement.
Definition 2
Public accounting: Government agency account that is credited when appropriation for it is authorized in a budget.
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