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what is the diff btw charge and appropriation
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Answer Posted / priyank
Hello Everyone!
In simple terms Appropriation is the separation of particular amount on the base of time,point,place which doesn't affect the overall amount i.e. total amount which is to be appropriated. For Instance we usually do in accounts prior to incorporation (company accounts).
On other hand charge can be defined as the factor reducing the value of attribute on which its made ultimately which affects the final value by reducing the value.For e.g. depreciation, interest on loans etc.
In general terms charge is also used in broad sense for the mortgage against assets or any property.
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