ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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DOUBLE DIPPING Definition

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DOUBLE DIPPING is two incomes received from the same source (as by holding a government job and receiving a government pension.

 

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AFFILIATE is a relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company.

ELECTRONIC DATA PROCESSING (EDP) is the processing of information by computer as opposed to handwritten records.


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