The moment you bow your knee to the lordship of Jesus Christ, all your sin is transferred to Christ's account and paid in full. It was nailed to the cross two thousand years ago! But that's only half the gospel. Mercy is not getting what you deserve -- the wrath of God. Grace is getting what you don't deserve -- the righteousness of Christ. Everything you've done wrong is forgiven and forgotten. And everything Christ did right -- His righteousness -- is transferred to your account. And then God calls it even.
It's like God says, "I'll take the blame for everything you did wrong and give you credit for everything I did right." It doesn't get any better than that, and that's why it's called the gospel. It's not just good news. It's the best news.
-- Mark Batterson in All In