APPROPRIATION ACCOUNT Definition

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APPROPRIATION ACCOUNT is a separate account for which specific dollar amounts are authorized and appropriated.

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DISCOUNT ALLOWED, normally, is a reduction of the invoice amount for early payment of the invoice value.

GROSS SURPLUS RATIO measures the margin on each dollar of operating revenue for the entity in question. The operating results before interest and depreciation, or gross surplus, are calculated as a percentage of total operating revenue. The gross surplus ratio shows the gross surplus as a percentage of the entitys turnover. If the percentage is high this could be interpreted as a sign that the entity is operating efficiently.

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