double entry

How is Double Entry Implemented?

The double entry process typically involves the following steps:
1. Initial Data Entry: The data is first entered into a database by a designated data entry clerk.
2. Second Data Entry: A different individual, preferably, enters the same data independently into the same or a separate database.
3. Comparison and Validation: The two datasets are compared using software tools designed to identify discrepancies. Any inconsistencies are flagged for review.
4. Error Resolution: The discrepancies are examined, and the correct data is determined through a review of the original source documents.
5. Final Data Cleaning: After resolving all discrepancies, the final cleaned dataset is used for analysis.

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