APPROPRIATE / APPROPRIATED / APPROPRIATION Definition

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APPROPRIATE / APPROPRIATED / APPROPRIATION is distribution of net income to various accounts and / or the allocation of retained earnings for a designated purpose, e.g. plant expansion.

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PROFITABILITY RATIOS are measures of performance showing how much the firm is earning compared to its sales, assets or equity.

MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.

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