Description
Softcopy of the article, published in Accountants’ Today, Nov-Dec 2015 issue.
How can we resolve the issue of bank credit creation out of thin air by accountants? Accountants must know that there is an absence of substance inherent in these “debt” transactions (debit loan, credit deposit) and should seek to discontinue giving ontological reality to these transactions, write Arfah Salleh and William G. Borges.
