appropriation account


Definitions (2)

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.
2. Public accounting: Government agency account that is credited when appropriation for it is authorized in a budget.

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