1) What is double counting? a) The registration of transactions in T accounts. b) The double-entry system. c) Keep a single income and expenditure book. d) Bring two sets of books: one real and one altered. 2) Is double counting legal? a) Yes, as long as it is authorized by the DIAN. b) Yes, because it helps to save taxes. c) No, it is an illegal and fraudulent practice. d) Yes, but only in private companies. 3) What is the difference between double accounting and double entry? a) None, they are the same. b) Double counting is legal and double entry is illegal. c) Double accounting is fraud; Double entry is the correct method of accounting. d) Both serve to. deceive the State. 4) What are the consequences of double counting? a) Fines, penalties, etc. b) Tax benefits of the government. c) Increased investor confidence. d) Easier access to credit.

Double Bookkeeping

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