There’s no specific reference for including Bitcoin or Ether in your balance sheet. Also, there are different laws for different jurisdictions.
However, since they qualify as assets in many countries, the principles of accounting for assets will apply when you account for Bitcoin and Ether.
So, when purchased, Bitcoin or Ether should be added to your balance sheet at its fair market value.
You’ll reverse this process when you sell Bitcoin or Ether.
In other words, you’ll credit your assets account and debit your cash account with the amount you received when you sold it.
You should also credit a capital gains or loss account.
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- Source: https://www.cryptocointrade.com/crypto-trading-blog/best-crypto-corporate-trading-account-for-business-on-exchanges/
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