appropriation account definition

appropriation account

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.

appropriation account is in the Accounting & Auditing subject.

appropriation account appears in the definitions of the following terms: final accounts, encumbrance and surplus

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