profit-and-loss appropriation account
profit-and-loss appropriation account
an account that shows how any NET PROFIT recorded in the PROFIT AND LOSS ACCOUNT is divided between TAX payments, DIVIDEND payments and RESERVES.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson