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RETAINED EARNINGS APPROPRIATIONS

6 May, 2015 - 17:10

The purpose of appropriations should be indicated in the balance sheet. Losses should never be posted to an appropriation account, but to a special loss account. The retained earnings statement is divided into two sections: 1) appropriated funds and 2) unappropriated funds. The last figure on the retained earnings statement shows the ending balance of the retained earnings statement.