i was about to write the same thing. knowing that double-entry is meant to apply to myself only, i actually found the example confusing, because well, of course bob is going to have an entry in his accounting book, but i don't care about bobs accounts, i don't want to track that. i only care about mine. i buy a book. how do i record this transaction using double entry bookkeeping in my accounting book?
and bob is not even doing any bookkeeping. he is bookselling ;-)
and bob is not even doing any bookkeeping. he is bookselling ;-)