Question

what is double counting? how can it be avoided?

please ans it fast guyzz​

Answer 1

Answer:

Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason. But in social accounting it also refers to a conceptual problem in social accounting practice, when the attempt is made to estimate the new value added by Gross Output, or the value of total investments

Answer 2

Answer:

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Explanation:

Double counting can be avoided. In order. to avoid double or multiple counting, only final goods and services should be included in GDP. However, this should not be regarded as meaning that the farmer or the miller or the baker has not contributes anything to GDP.