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:
“What happens is that, as with drugs, he needs a stronger shot each time, and women are just women. The consumption of one woman is the consumption of all. You can’t double the dose.”
—Ian Fleming (1908–1964)
“If you’re counting my eyebrows, I can help you. There are two.”
—Billy Wilder (b. 1906)