Accounting Dictionary:

Appropriation Account

In Government Accounting, account of an agency that is credited when the appropriation has been authorized. It is reduced by expenditures during the period. When a budget is adopted by the governmental unit, the entry is to debit estimated revenues, credit appropriations, and debit or credit fund balance for the difference.

 
 
 

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Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more

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