Double entry and Per mille: Difference between pages

Revision as of 20:48, 5 September 2017

1.

Banking

A charge based on the size of a transaction, quoted per 1,000 currency units of the transaction size.

2.

More generally, any amount expressed per 1,000 units of a base measure as 'parts per thousand'.

For example, a concentration of pollutants in water or air.

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 .
-''Accounting''
+''Banking''
-The dual aspect concept that every accounting transaction has two sides.
+A charge based on the size of a transaction, quoted per 1,000 currency units of the transaction size.
-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.
+More generally, any amount expressed per 1,000 units of a base measure as 'parts per thousand'.
-Taking another example, if a company borrows money, its Cash increases AND its Liabilities (to repay the money in the future) also increase.
-This system is sometimes known as 'double entry bookkeeping'.
+For example, a concentration of pollutants in water or air.
-.
-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 ==
-* [[Balance sheet]]
+* [[Ad valorem]]
-* [[Book entry]]
+* [[Lifting fees]]
-* [[Bookkeeping]]
-* [[Credit]]
-* [[Debit]]
-* [[Double counting]]
-* [[Journal entry]]
-* [[Lease]]
-* [[Off balance sheet finance]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:Compliance_and_audit]]