IFRS
Purchase of Bitcoin/Crypto for Treasury
Recording the acquisition of digital assets as a long-term investment.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Digital Assets (Crypto) | Intangible Asset (+) | 10,000.00 | - |
| Cash / Bank | Asset (-) | - | 10,000.00 |
💡 Accountant's Note
Under current IFRS, cryptocurrencies are generally treated as 'Intangible Assets' rather than cash or financial instruments, unless held for sale in the ordinary course of business.
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