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:
“The Cossack eats Poland,
Like stolen fruit;
Her last noble is ruined,
Her last poet mute:
Straight, into double band
The victors divide;
Half for freedom strike and stand;—
The astonished Muse finds thousands at her side.”
—Ralph Waldo Emerson (1803–1882)
“Is it not manifest that our academic institutions should have a wider scope; that they should not be timid and keep the ruts of the last generation, but that wise men thinking for themselves and heartily seeking the good of mankind, and counting the cost of innovation, should dare to arouse the young to a just and heroic life; that the moral nature should be addressed in the school-room, and children should be treated as the high-born candidates of truth and virtue?”
—Ralph Waldo Emerson (1803–1882)