Double-Entry Bookkeeping, Double-Sided Disk, Double Taxation, Double Time




Double-Entry Bookkeeping, Double-Sided Disk, Double Taxation, Double Time :




Double-Entry Bookkeeping : a system of maintaining financial records for a company in which every transaction is entered as both a debit and a credit entry : For example, the purchase of goods is recorded as an addition to the value of inventory and the principle that the assets equal the liabilities and to maintain an aggregate balance that facilitate the detection of errors and to create an audit trail that allows all transactions to be tracked back to their source



Double-Sided Disk : A diskette that can store data on both sides



Double Taxation : Descriptive of the taxing of corporate profits that are distributed to shareholders as dividends where they are taxed again as income to the shareholder : The term may also be used to describe that portion of personal income that is paid out in wages to domestic help or for goods and services that will be taxed again



Double Time : Double of the normal hourly wage rate : descriptive of the overtime which is agreed to be paid twice the normal hourly wage rate such as work on a Sunday or holiday




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