DOUBLE ACCOUNTING Definition

Bookmark and Share

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.

Learn new Accounting Terms

ANALYZE is to Identify and classify items for further study.

ECONOMIC ORDER QUANTITY is the order quantity that minimizes total inventory costs. A total inventory cost is the sum of ordering, carrying and stock-out costs.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.