3 ms·
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 bou
by SmellTheGlove 5y ago
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.
- anyfactor 5y agoI posted to r/accounting. 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_the_justification_for_squareblock https://www.reddit.com/r/Accounting/comments/tzbg6i/what_is_...