Double entry and MIF: Difference between pages

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imported>Doug Williamson
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# ''Accounting.''  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.
Multilateral Interchange Fee.
#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.
 
A fee on payment card transactions, based on the value of the transaction.
 




== See also ==
== See also ==
* [[Balance sheet]]
* [[Ad valorem]]
* [[Book entry]]
* [[Book keeping]]
* [[Credit]]
* [[Credit]]
* [[Debit]]
* [[Credit card]]
* [[Double counting]]
* [[Debit card]]
* [[Journal entry]]
* [[PSR]]
* [[Off-balance sheet finance]]
 
 
===Other links===


[[Category:Accounting,_tax_and_regulation]]
[https://www.treasurers.org/ACTmedia/ACT_response_PSR_CFI%2015_1_Card_Payment_Systems_0.pdf ACT's response to Payment Systems Regulator about card payment systems, July 2015]
[[Category:Compliance_and_audit]]

Revision as of 14:35, 17 May 2019

Multilateral Interchange Fee.

A fee on payment card transactions, based on the value of the transaction.


See also


Other links

ACT's response to Payment Systems Regulator about card payment systems, July 2015