Double Counting (accounting)
Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason. But in social accounting it also refers to a conceptual problem in social accounting practice, when the attempt is made to estimate the new value added by Gross Output, or the value of total investments.
Read more about Double Counting (accounting): What Is The Problem?, Value Theory, Counting Units, Persistent Double Counting Problems, Does The World Bank Double Count?
Famous quotes containing the words double and/or counting:
“Under the lindens on the heather,
There was our double resting-place.”
—Walther Von Der Vogelweide (1170?–1230?)
“Love is sinister,
is mean to us in separation;
makes our thin bodies thinner.
This fellow Death
lacks mercy
and is good at counting our days.
And Master,
you, too, are subject
to the plague of jealousy
so think:
how could womenfolk,
soft as sprouts,
live like this?”
—Amaru (c. seventh century A.D.)