Definition: Double-entry bookkeeping

SNA

For a unit or sector, national accounting is based on the principle of double entry, as in business accounting, whereby each transaction must be recorded twice, once as a resource (or a change in liabilities) and once as a use (or a change in assets).

This definition is used both in SNA 1993 and in SNA 2008.
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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