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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SCOPE, in accounting, is the type of engagement. The scope of an engagement might be a review, an audit, or a compilation. A scope limitation is a restriction on the evidence the auditor can gather.

ACCOUNTING PACKAGE/SOFTWARE, usually, is a commercially available software program or suite that, with little customization, will satisfy the accounting system needs of the purchasing entity.

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