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what is the diff btw charge and appropriation
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Answer / deepak
hy i am ica student and as far as i know THE DIFF BETWEEN
CHARGE AND APPROPRIATION CAN BE STATED WITH AN Example
for charge.. DEPRECIATION CAN BE AN EXAMPLE.. whether there
is a profit or loss the depreciation is charged to the
profit and loss account..for appropriation.. reserves or tax
can be taken as an example.. it can be only appropriated
when there is a profit.. otherwise there is no
appropriation.. for charge let there be a profit or loss it
is valid.. appropriation is only valid when there is a profit.
| Is This Answer Correct ? | 51 Yes | 3 No |
Answer / surenderreddy gopireddy
charge compulsory in nature, whether the company having profit or not it should be charged to profit and loss a/c , but in case of appropriation it is shown after the P&L a/c that is in P&L appropriation a/c, it is debited only when profits are available after meeting the business expenditure if profits are not there no appropriation is made.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / guest
chsrge is term used where a another person intrest will be
created on the assets of the company
| Is This Answer Correct ? | 3 Yes | 0 No |
UP ON MY OPINION CHARGE MEANS REDUSING THE ASSET VALUE THROUGH DEPRECIATION.
APPROPRIATION MEANS EXPENDITURE IT SHOULD BE GIVE FUTURE RETURNS TO THE FIRM.
| Is This Answer Correct ? | 8 Yes | 7 No |
Answer / lakshmana.n
UP ON MY OPINION CHARGE MEANS REDUSING THE ASSET VALUE
THROUGH DEPRECIATION.
APPROPRIATION MEANS EXPENDITURE IT SHOULD BE GIVE
FUTURE RETURNS TO THE FIRM
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / himansu
From my point of view ,,charge means and includes statutory or mandatory but appropriation is not mandatory
,like charge depreciation
Appropriation like reserve
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / 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 |
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