ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PARENT COMPANY Definition
PARENT COMPANY is a company of which others are subsidiaries.
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RESPONSIBILITY CENTER is a subunit in an organization whose manager is held accountable for specified financial results of its activities.
DOUBLE ACCOUNTING is the un-intentional, or sometimes fraudulently intentional, double counting of assets or liabilities, or any other datasets, which, in the end, give an inaccurate view of what the data really means. In accounting, this is usually caused by a multiplicity of entries of the same data which, in the end, causes confusion or financial reporting inaccuracies.