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• n  bookkeeper debits the transaction to one account and credits it to another

• double-entry bookkeeping

News & Articles

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• Tax Court Dusts Off Crane Decision
  If you own a piece of real estate and the bank takes it away from you, you think that you have lost something. That's just common sense. So you should be able to put a loss on your tax return. Bad enough that the IRS should question your loss, but they may claim that you have a gain. Talk about rubbing salt in the wound. If you think in double entry, like most good accountants do, it is not at ...
  June 17, 2013 - Forbes