An appropriation account is a nominal account used in the general ledger of companies, close corporations and partnerships to distribute the profit on year end. | Accounting concepts

Title

An appropriation account is a nominal account used in the general ledger of companies, close corporations and partnerships to distribute the profit on year end.

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An appropriation account is a nominal account used in the general ledger of companies, close corporations and partnerships to distribute the profit on year end.

Subject: 

  • Accounting

Category: 

  • Accounting concepts
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