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imported>Doug Williamson |
imported>Doug Williamson |
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| 1.
| | ''Tax.'' |
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| ''Accounting'' | |
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| The dual aspect concept that every accounting transaction has two sides.
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| Therefore the balance sheet should always remain in balance.
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| For example, if services are sold by a company for cash, the company's Sales figure increases AND its Cash increases.
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| Taking another example, if a company borrows money, its Cash increases AND its Liabilities (to repay the money in the future) also increase.
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| This system is sometimes known as 'double entry bookkeeping'.
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| 2.
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| 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.
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| | Relief for tax which has been levied by two different countries on a taxable source of income. |
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| == See also == | | == See also == |
| * [[Balance sheet]] | | * [[Dividend cleaning company]] |
| * [[Book entry]] | | * [[Double tax treaties]] |
| * [[Bookkeeping]]
| | * [[Double taxation]] |
| * [[Credit]]
| | * [[Tax relief]] |
| * [[Debit]]
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| * [[Double counting]] | |
| * [[Journal entry]]
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| * [[Lease]]
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| * [[Off balance sheet finance]] | |
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Taxation]] |
| [[Category:Compliance_and_audit]]
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Revision as of 08:53, 8 October 2013
Tax.
Relief for tax which has been levied by two different countries on a taxable source of income.
See also
