Two sets of books
Keeping multiple accounting records for different uses / From Wikipedia, the free encyclopedia
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Not to be confused with Double-entry bookkeeping.
The concept of "two sets of books" refers to the practice of keeping two sets of accounting ledgers ("books"). In colloquial terms, this practice may refer to fraudulent behavior, i.e. attempting to hide or disguise financial transactions from outsiders by having a falsified set of records for official use and another for internal recordkeeping. It may be done for legitimate reasons as well.