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.


appropriation account is...

... in the Accounting & Auditing subject.

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