Double entry and Preliminary rulings: Difference between pages

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imported>Doug Williamson
(Add note that this is sometimes known as double entry bookkeeping.)
 
imported>Doug Williamson
m (Add link.)
 
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1.
''European Union law.''


''Accounting''
The process whereby a national court with a case including a question of the validity or interpretation of community law can (or if it is a final court of appeal must) refer that specific question to the European Court of Justice for a binding determination.
 
The dual aspect concept that every accounting transaction has two sides.  (Therefore the balance sheet should always remain in balance.) 
 
For example, if services are sold by a company for cash, the company's Sales figure increases AND its Cash increases. 
 
Taking another example, if a company borrows money, its Cash increases AND its Liabilities (to repay the money in the future) also increase.
 
This is sometimes known as 'double entry bookkeeping'.
 
 
2.
 
An error resulting from the inappropriate duplication or inappropriate repetition of an entry or part of an entry, in a financial information system or elsewhere.




== See also ==
== See also ==
* [[Balance sheet]]
* [[European Court of Justice]]
* [[Book entry]]
* [[European Union]]
* [[Book keeping]]
* [[Credit]]
* [[Debit]]
* [[Double counting]]
* [[Journal entry]]
* [[Off balance sheet finance]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Compliance_and_audit]]

Latest revision as of 13:27, 17 July 2019

European Union law.

The process whereby a national court with a case including a question of the validity or interpretation of community law can (or if it is a final court of appeal must) refer that specific question to the European Court of Justice for a binding determination.


See also