A governmental accounting term. The appropriation account is the account of any governmental agency that receives a credit. An appropriation account is reduced by the costs incurred by the agency to perform the task or complete the project for which the credit was given.
Appropriation accounts come into play when governments create their budgets. Appropriation credits are taken out of estimated revenues from taxes and trade and allocated to the proper agencies. Credits in appropriation accounts that are unused may be redistributed to other agencies or used for other purposes.
Investment dictionary. Academic. 2012.
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appropriation account — ➔ account1 * * * appropriation account UK US noun [C] ► GOVERNMENT, ACCOUNTING in the UK, an account that explains how a government department has used the money it has been given: »Every appropriation account of government shall be examined by… … Financial and business terms
appropriation account — noun An account in a partnership or company which is used to show allocation of profits • • • Main Entry: ↑appropriate … Useful english dictionary
appropriation account — 1) See: profit and loss appropriation account 2) A financial statement prepared by a government department to show its expenditure and receipts for a financial year … Accounting dictionary
appropriation account — /əˌprəυpri eɪʃ(ə)n əˌkaυnt/ noun the part of a profit and loss account which shows how the profit has been dealt with such as how much has been given to the shareholders as dividends, how much is being put into the reserves etc … Marketing dictionary in english
appropriation account — /əˌprəυpri eɪʃ(ə)n əˌkaυnt/ noun the part of a profit and loss account which shows how the profit has been dealt with, e.g., how much has been given to the shareholders as dividends and how much is being put into the reserves … Dictionary of banking and finance
appropriation account — Fin in trading and nonprofit entities, a record of how the profit/ loss or surplus/deficit has been allocated to distributions, reserves, or funds … The ultimate business dictionary
profit and loss appropriation account — A statement showing how the net profits or losses have been dealt with. In a company, the retained earnings brought forward is added to the net profit for the year; from this total taxation and dividends paid and proposed are deducted; other… … Accounting dictionary
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Appropriation (law) — In law and government, appropriation (from Latin appropriare , to make one s own , later to ) is the act of something for its application to a particular usage, to the exclusion of all other uses.It typically refers to the legislative designation … Wikipedia
appropriation — The act of appropriating or setting apart; prescribing the destination of a thing; designating the use or application of a fund. McKenzie Const. Co. v. City of San Antonio, Tex.Civ.App., 50 S.W.2d 349, 352. In tort law, the act of making a thing… … Black's law dictionary