What is meaning of appropriation in accounting class 12th
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Appropriation is the act of setting aside money for a specific purpose. A company or a government appropriates funds in order to delegate cash for the necessities of its business operations.
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ᴀᴘᴘʀᴏᴘʀɪᴀᴛɪᴏɴ ɪs ᴛʜᴇ ᴀᴄᴛ ᴏғ sᴇᴛᴛɪɴɢ ᴀsɪᴅᴇ ᴍᴏɴᴇʏ ғᴏʀ ᴀ sᴘᴇᴄɪғɪᴄ ᴘᴜʀᴘᴏsᴇ. ɪɴᴀᴄᴄᴏᴜɴᴛɪɴɢ, ɪᴛ ʀᴇғᴇʀs ᴛᴏ ᴀ ʙʀᴇᴀᴋᴅᴏᴡɴ ᴏғ ʜᴏᴡ ᴀ ғɪʀᴍ's ᴘʀᴏғɪᴛs ᴀʀᴇ ᴅɪᴠɪᴅᴇᴅ ᴜᴘ, ᴏʀ ғᴏʀ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ, ᴀɴ ᴀᴄᴄᴏᴜɴᴛ ᴛʜᴀᴛ sʜᴏᴡs ᴛʜᴇ ғᴜɴᴅs ᴀ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴅᴇᴘᴀʀᴛᴍᴇɴᴛ ʜᴀs ʙᴇᴇɴ ᴄʀᴇᴅɪᴛᴇᴅ ᴡɪᴛʜ.
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