Post
Topic
Board Development & Technical Discussion
Re: BTC violates GAAP, result a mess.
by
LvM
on 01/06/2013, 11:58:28 UTC
Not duplicate, I called it mirror-inverted.
Payer and receiver have an account.
Both are changed by the payment differently. Right?

More about GAAP here:
http://en.wikipedia.org/wiki/Double-entry_bookkeeping_system
http://en.wikipedia.org/wiki/Generally_accepted_accounting_principles
http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards
etc..
You can have only one and always derive other from it.

"One"? Of what Huh

Before we continue. I wrote and must ask you again:
Quote
Payer and receiver have an account.

Both are changed by the payment differently. Right?

Would you really deny that?