Question

Briefly explain double counting? Class 10 .​

Answer 1

Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason.

The problem of double counting arises when the value of certain goods and services are counted more than once while estimating National Income by Value Added Method. This happens when the value of intermediate goods is counted in the estimation of National Income alongwith the final value of goods and services.

Answer 2

Answer:

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