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Cryptocurrencies selling fees treatment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Cryptocurrencies selling fees treatment

  • This topic has 1 reply, 2 voices, and was last updated 4 months ago by P2-D2.
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    Posts
  • December 23, 2024 at 4:50 pm #714305
    sardonis
    Participant
    • Topics: 7
    • Replies: 2
    • ☆

    I am wondering if I am right about calculating selling fees expense. I understand that when such fees are paid in crypto we have to calculate proceeds from the whole transaction first (add to the net fiat amount the amount of the fee as if sold because it is treated as spending crypto). Subsequently, we should subtract from it buying cost, buying fee and selling fee. Am I right ?
    Thank you

    December 23, 2024 at 9:43 pm #714310
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi,

    I think that this question will be better posted in the SBR forum, but even then I don’t think it is on the syllabus.

    Thanks

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