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by SmellTheGlove
1530 days ago
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I’m not an accountant and just guessing here, but I’m thinking it’s because it’s treated as a purchase of an asset or a good. Similar to how if you went and bought a refrigerator, the appliance store would book what you paid them for the fridge as revenue. It seems crypto can have multiple definitions based on what’s most convenient at the time. |
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Two people there said that, it maybe is transaction fees. But they have asked me to look into the numbers. I think they are right, but I still find the phrasing to be quite ambiguous tbh.
https://www.reddit.com/r/Accounting/comments/tzbg6i/what_is_...