what is the diff btw charge and appropriation
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
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
what is a state cheque? how it differes from stale cheque?
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
What is the difference between cfa and csa?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
Who created snapit accounting?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
What is the difference between General Ledger and Ledger?
Mention the types of ledgers?
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
Explain what is bank reconciliation?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income