Interested to Buy Any Domain ? << Click Here >> for more details...
what is the diff btw charge and appropriation
- 7 Answers
- 14885 Views
- Capital IQ, FactSet Systems, HP, I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Explain me some of the examples for liability accounts?
Explain me scrap value in accounting?
What are the basic assumptions in accounting?
Tell me about a situation where you showed determination?
sale cycle
What is accounting normalization?
Define retail banking?
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
Can you name different branches of accounting?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
Do you know how many types of business transactions are there in accounting?
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
i want to know f form and how to use and how can purchase
what is "goodwill" reserve and surplus and reserve with example
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
