Accounting treatment of digital currency company
Publish: 2021-05-29 13:24:03
1. At present, the blockchain digital currency exchange has three kinds of licenses most applied for in the market: MSB license in the United States, MTR double license in Estonia and austrac license in Australia
MSB license in the United States is a license with a wide range of supervision. It is aimed at engaging in money service business and companies in the United States, including digital currency, virtual currency transactions, ICO issuance, foreign exchange, foreign exchange and so on. Relevant business companies must apply for MSB license to operate in compliance. The license plate is characterized by high reputation, high gold content, independent recognition by investors and exchanges, and low cost compared with other digital currency licenses. Processing: provide a director information (ID card) + provide a company name (need to help you register an American company first)
Estonian MTR virtual currency trading license includes two licenses: virtual currency trading license service and wallet trading service license. Characteristics of the license: the first digital currency license issued by the state is very friendly to the blockchain, the relative policy bill and so on, and the reputation is very high. Although the cost is higher than that of the US MSB license, it is actually very low. Handling: the first way: provide a director's information (ID card) + provide a company name (need to help you register an Estonian company first) + director's no criminal record certificate (need to be notarized) + capital verification account 12000 Euro + local actual office and office staff. The second way: provide a company name, other all inclusive
digital currency traders in Australia need to apply for austrac. If the company providing digital currency transactions does not apply for such a license, it may lead to two years' imprisonment or a fine of aud105000. Australia austrac license features: its business scope can reflect the digital currency words, famous, high gold content, the cost is relatively low. Processing: provide a director's information (ID card) + provide a company name (need to help you register an Australian company first) + director's no criminal record certificate
in fact, the above three licenses are the three most popular digital currency licenses at present, and they all have one thing in common, with high reputation, high gold content and low cost, These three kinds of licenses are not only recognized by customers and investors, but also the three kinds of licenses that the trading platform competes to handle.
MSB license in the United States is a license with a wide range of supervision. It is aimed at engaging in money service business and companies in the United States, including digital currency, virtual currency transactions, ICO issuance, foreign exchange, foreign exchange and so on. Relevant business companies must apply for MSB license to operate in compliance. The license plate is characterized by high reputation, high gold content, independent recognition by investors and exchanges, and low cost compared with other digital currency licenses. Processing: provide a director information (ID card) + provide a company name (need to help you register an American company first)
Estonian MTR virtual currency trading license includes two licenses: virtual currency trading license service and wallet trading service license. Characteristics of the license: the first digital currency license issued by the state is very friendly to the blockchain, the relative policy bill and so on, and the reputation is very high. Although the cost is higher than that of the US MSB license, it is actually very low. Handling: the first way: provide a director's information (ID card) + provide a company name (need to help you register an Estonian company first) + director's no criminal record certificate (need to be notarized) + capital verification account 12000 Euro + local actual office and office staff. The second way: provide a company name, other all inclusive
digital currency traders in Australia need to apply for austrac. If the company providing digital currency transactions does not apply for such a license, it may lead to two years' imprisonment or a fine of aud105000. Australia austrac license features: its business scope can reflect the digital currency words, famous, high gold content, the cost is relatively low. Processing: provide a director's information (ID card) + provide a company name (need to help you register an Australian company first) + director's no criminal record certificate
in fact, the above three licenses are the three most popular digital currency licenses at present, and they all have one thing in common, with high reputation, high gold content and low cost, These three kinds of licenses are not only recognized by customers and investors, but also the three kinds of licenses that the trading platform competes to handle.
2.
If it is legal tender, then it has no effect. For example, the non legal tender issued by the central bank is regarded as a financial asset. It has little impact on the tax system
it has a subversive potential impact on accounting practice. Those who try to cheat on tax should be careful. In theory, you can analyze those evasive behaviors that you have done at almost zero cost
if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making. Because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers. As a result, the money supply is unstable. In addition, the authorities are unable to monitor the issuance and circulation of digital currency, which leads to the inability to accurately judge the economic operation and brings trouble to policy-making, At the same time, it will weaken the effectiveness of policy transmission and implementation
extended data
various bill market businesses based on commercial bills are growing rapidly, and bill financing procts have become a hot field of Internet financing. However, about 70% of the current domestic bill business is still paper transactions, and supply chain finance also relies heavily on labor costs
in the future, if we realize the digital monetization of bills and adopt the blockchain transaction, we will make the bills, funds, financial planning and other related information more transparent. With the help of intelligent contract, we can generate an unforgeable, open and unique electronic contract between the borrower and the borrower, and directly realize the point-to-point value transfer, without the need for specific physical bills or central system for control and verification, It can prevent selling more than one vote, track the flow of funds in time, protect the rights of investors and rece the cost of regulators
3. It's no use suing the recommender. They just recommend it, and they don't have to let you invest. You can only sue the investment company.
4. What is the impact of setting currency on the accounting instry? First of all, setting up the emergence of currency, let's have a clear effect on the systematicness, convenience and purpose of the whole currency
5. Is digital currency the safest? It can't be said that it is the safest. It can only be said that it is relatively safe.
6. What is digital currency
digiccy is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. Do this company or more, our company cooperation is Shengshi Huacai!
digiccy is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. Do this company or more, our company cooperation is Shengshi Huacai!
7. Companies to buy digital currency to go your real name authentication account, your behavior is not illegal, just use your personal account
8. I hope it can help you
1. Accounting treatment of major foreign currency business
(L) foreign currency exchange business< (2) foreign currency purchase and sale business
debit: asset account
Credit: accounts payable (market exchange rate at the time of occurrence)
debit: accounts receivable (market exchange rate at the time of occurrence)
Credit: main business income, etc.
(3) foreign currency loan business
debit: bank deposit - US dollar account (market exchange rate at the time of occurrence)
Credit: short term loan, etc. (market exchange rate at the time of occurrence)
(4) accept foreign currency capital investment
debit: bank deposit - US dollar account (market exchange rate at the time of occurrence)
debit or credit: capital reserve (difference)
Credit: paid in capital (exchange rate agreed in the contract)
note: if the company does not have an agreed exchange rate, it should be converted according to the market exchange rate at the time of occurrence< (1) two cases of exchange gain and loss
1) foreign currency exchange. Because banks always buy at a low price and sell at a high price, enterprises always proce exchange losses
2) exchange rate changes ring the period of holding foreign currency monetary assets and liabilities: when calculating the exchange gains and losses at the end of the month, the ending balance of the foreign currency account should be converted at the ending exchange rate, and the difference between the converted amount and the book amount is the exchange gains and losses
foreign currency monetary assets. When the exchange rate rises, exchange earnings will be generated; When the exchange rate falls, there will be exchange loss
foreign currency monetary liabilities. When the exchange rate rises, there will be exchange loss; When the exchange rate falls, exchange earnings are generated
(2) treatment method
1) those meeting capitalization conditions are included in the original value of fixed assets
2) if the conditions for capitalization are not met ring the preparation period, it shall be included in the long-term deferred expenses first, and shall be included in the profit and loss in the month when the proction and operation begin
3) other cases are included in the current financial expenses
debit: bank deposits (adjusted foreign currency balance) × Exchange rate)
accounts receivable
Construction in progress
Loan: long term loan
accounts payable
financial expenses
3. Translation method of foreign currency accounting statements
(1) current exchange rate method
1) the paid in capital, capital reserve and surplus reserve in the owner's equity items are distributed by historical exchange rate, and the profits are listed according to the amount in the profit distribution statement
2) other items use the current exchange rate
3) the average exchange rate can also be used for profit and loss items
4) the translation difference of foreign currency accounting statements is included in the current profit and loss, or listed separately in the owner's equity< (2) liquidity and non liquidity project method
1) current assets and current liabilities use the current exchange rate
2) the paid in capital of long-term assets, long-term liabilities and owner's equity, capital reserve and surplus reserve adopt the historical exchange rate, and the undistributed profits are listed according to the amount in the profit distribution statement
3) in the income statement items, the historical exchange rate is used for depreciation and amortization, and the current average exchange rate is used for the rest
4) the translation difference of foreign currency accounting statements is separately listed in the owner's equity< (3) monetary and non monetary project methods
1) monetary assets (monetary funds, accounts receivable, notes receivable, etc.) and monetary liabilities (accounts payable, notes payable, long-term loans) adopt the current exchange rate
2) historical exchange rate is used for paid in capital, capital reserve and surplus reserve in non monetary item date and owner's equity item, and balance number is used for undistributed profit
3) in profit and loss items, depreciation expense and amortization expense are calculated by historical exchange rate, and the calculation formula of cost of sales items is as follows:
cost of sales = opening Inventory (historical exchange rate) + current purchase (average exchange rate) and ending inventory (historical exchange rate)
after different exchange rates are converted, the rest are calculated by average exchange rate
4) the translation difference of foreign currency accounting statements is separately listed in the owner's equity< (4) temporal method
1) the current exchange rate is adopted for monetary funds, accounts receivable and accounts payable
2) the current exchange rate is adopted for the non monetary assets (inventory, investment, etc.) reflected by the current cost, and the balance number is adopted for the other non monetary assets and the paid in capital distribution profit in the owner's equity
3) current exchange rate or average exchange rate is adopted for profit and loss items. The calculation formula of this item is as follows:
historical exchange rate is adopted for capital reserve and surplus reserve, and historical exchange rate is adopted for non depreciation and amortization expenses, Sales cost = opening Inventory (historical exchange rate) + current purchase (average exchange rate) ending inventory (historical exchange rate or current exchange rate)
calculated by different exchange rates
4) the translation difference of foreign currency accounting statements is separately listed in the owner's equity
4. China's foreign currency accounting statement conversion
China's foreign currency accounting statement conversion method is basically the single exchange rate method, that is, the current exchange rate method
(1) translation of balance sheet
1) assets and liabilities are translated according to the market exchange rate on the final account date (according to the current exchange rate)
2) except for "undistributed profit", the owner's equity is converted at the historical exchange rate
3) "undistributed profit" copies the data in the profit distribution statement
4) deferred processing of translation difference of foreign currency statements: the "translation difference of foreign currency accounting statements" is listed separately under the owner's equity category and accumulated year by year
5) the amount of J ∈ items in the balance sheet after the year beginning balance is converted according to the previous year
(2) conversion of profit statement and profit distribution statement
1) all items in the income statement and items reflecting the amount in the profit distribution statement are converted according to the average exchange rate of the current period, or the market exchange rate on the final account date (according to the average exchange rate or the current exchange rate)
2) the "net profit" in the profit distribution statement is filled in according to the amount of the item in the converted profit statement
3) the "undistributed profit at the beginning of the year" in the profit distribution statement shall be filled in according to the end of the date of the "undistributed profit" item in the profit distribution statement after the conversion of the previous period
4) the "undistributed profit" in the profit distribution table is calculated and filled in according to the amount of other items in the profit distribution table after conversion
5) the actual amount of the previous year is filled in according to the relevant figures in the profit statement and profit distribution statement after the conversion of the previous year< (1) foreign exchange refers to all kinds of payment means expressed in foreign currency, which are generally accepted by all countries and can be used for international debt settlement
(2) foreign exchange must have three characteristics: payment, availability and convertibility
(3) exchange rate, also known as exchange rate, refers to the price of one country's currency expressed in another country's currency, and the price ratio between currencies
(4) there are two pricing methods of exchange rate: direct pricing method and indirect pricing method
(5) in order to standardize the opening and use of foreign exchange accounts and strengthen the supervision and management of foreign exchange accounts, or in other words, in accordance with the regulations of the people's Republic of China on foreign exchange control and the regulations on the administration of settlement, sale and payment of foreign exchange, the regulations on the administration of domestic foreign exchange accounts are hereby formulated
(6) remittance refers to a settlement method in which the bank accepts the client's entrustment and delivers the money to the payee through its own remittance network, using appropriate payment voucher
(7) letter of credit refers to a written guarantee document issued by the issuing bank to a third party at the request of the applicant and in accordance with its instructions, with a certain amount of money and payment against the specified documents within a certain period of time
(8) collection is a settlement method in which the exporter issues a bill of exchange (with or without shipping documents) with the importer as the payer after the goods are shipped, and entrusts the Bank of the exporting country to collect the payment for goods on behalf of the exporter through its branch or agent bank in the importing country
(9) the bank guarantee refers to the written guarantee document issued by the bank upon the application of the client. Once the client fails to repay the debt or perform the agreed obligations in accordance with the contract signed between the client and the beneficiary, the bank shall perform the guarantee responsibility
(10) accounting principles of foreign exchange business: Double currency accounting is adopted for foreign currency account, translation is adopted for foreign currency accounting, accounting treatment of exchange gain and loss, accounting treatment of foreign currency separate account system, and accounting treatment of month end balance of foreign currency account.
1. Accounting treatment of major foreign currency business
(L) foreign currency exchange business< (2) foreign currency purchase and sale business
debit: asset account
Credit: accounts payable (market exchange rate at the time of occurrence)
debit: accounts receivable (market exchange rate at the time of occurrence)
Credit: main business income, etc.
(3) foreign currency loan business
debit: bank deposit - US dollar account (market exchange rate at the time of occurrence)
Credit: short term loan, etc. (market exchange rate at the time of occurrence)
(4) accept foreign currency capital investment
debit: bank deposit - US dollar account (market exchange rate at the time of occurrence)
debit or credit: capital reserve (difference)
Credit: paid in capital (exchange rate agreed in the contract)
note: if the company does not have an agreed exchange rate, it should be converted according to the market exchange rate at the time of occurrence< (1) two cases of exchange gain and loss
1) foreign currency exchange. Because banks always buy at a low price and sell at a high price, enterprises always proce exchange losses
2) exchange rate changes ring the period of holding foreign currency monetary assets and liabilities: when calculating the exchange gains and losses at the end of the month, the ending balance of the foreign currency account should be converted at the ending exchange rate, and the difference between the converted amount and the book amount is the exchange gains and losses
foreign currency monetary assets. When the exchange rate rises, exchange earnings will be generated; When the exchange rate falls, there will be exchange loss
foreign currency monetary liabilities. When the exchange rate rises, there will be exchange loss; When the exchange rate falls, exchange earnings are generated
(2) treatment method
1) those meeting capitalization conditions are included in the original value of fixed assets
2) if the conditions for capitalization are not met ring the preparation period, it shall be included in the long-term deferred expenses first, and shall be included in the profit and loss in the month when the proction and operation begin
3) other cases are included in the current financial expenses
debit: bank deposits (adjusted foreign currency balance) × Exchange rate)
accounts receivable
Construction in progress
Loan: long term loan
accounts payable
financial expenses
3. Translation method of foreign currency accounting statements
(1) current exchange rate method
1) the paid in capital, capital reserve and surplus reserve in the owner's equity items are distributed by historical exchange rate, and the profits are listed according to the amount in the profit distribution statement
2) other items use the current exchange rate
3) the average exchange rate can also be used for profit and loss items
4) the translation difference of foreign currency accounting statements is included in the current profit and loss, or listed separately in the owner's equity< (2) liquidity and non liquidity project method
1) current assets and current liabilities use the current exchange rate
2) the paid in capital of long-term assets, long-term liabilities and owner's equity, capital reserve and surplus reserve adopt the historical exchange rate, and the undistributed profits are listed according to the amount in the profit distribution statement
3) in the income statement items, the historical exchange rate is used for depreciation and amortization, and the current average exchange rate is used for the rest
4) the translation difference of foreign currency accounting statements is separately listed in the owner's equity< (3) monetary and non monetary project methods
1) monetary assets (monetary funds, accounts receivable, notes receivable, etc.) and monetary liabilities (accounts payable, notes payable, long-term loans) adopt the current exchange rate
2) historical exchange rate is used for paid in capital, capital reserve and surplus reserve in non monetary item date and owner's equity item, and balance number is used for undistributed profit
3) in profit and loss items, depreciation expense and amortization expense are calculated by historical exchange rate, and the calculation formula of cost of sales items is as follows:
cost of sales = opening Inventory (historical exchange rate) + current purchase (average exchange rate) and ending inventory (historical exchange rate)
after different exchange rates are converted, the rest are calculated by average exchange rate
4) the translation difference of foreign currency accounting statements is separately listed in the owner's equity< (4) temporal method
1) the current exchange rate is adopted for monetary funds, accounts receivable and accounts payable
2) the current exchange rate is adopted for the non monetary assets (inventory, investment, etc.) reflected by the current cost, and the balance number is adopted for the other non monetary assets and the paid in capital distribution profit in the owner's equity
3) current exchange rate or average exchange rate is adopted for profit and loss items. The calculation formula of this item is as follows:
historical exchange rate is adopted for capital reserve and surplus reserve, and historical exchange rate is adopted for non depreciation and amortization expenses, Sales cost = opening Inventory (historical exchange rate) + current purchase (average exchange rate) ending inventory (historical exchange rate or current exchange rate)
calculated by different exchange rates
4) the translation difference of foreign currency accounting statements is separately listed in the owner's equity
4. China's foreign currency accounting statement conversion
China's foreign currency accounting statement conversion method is basically the single exchange rate method, that is, the current exchange rate method
(1) translation of balance sheet
1) assets and liabilities are translated according to the market exchange rate on the final account date (according to the current exchange rate)
2) except for "undistributed profit", the owner's equity is converted at the historical exchange rate
3) "undistributed profit" copies the data in the profit distribution statement
4) deferred processing of translation difference of foreign currency statements: the "translation difference of foreign currency accounting statements" is listed separately under the owner's equity category and accumulated year by year
5) the amount of J ∈ items in the balance sheet after the year beginning balance is converted according to the previous year
(2) conversion of profit statement and profit distribution statement
1) all items in the income statement and items reflecting the amount in the profit distribution statement are converted according to the average exchange rate of the current period, or the market exchange rate on the final account date (according to the average exchange rate or the current exchange rate)
2) the "net profit" in the profit distribution statement is filled in according to the amount of the item in the converted profit statement
3) the "undistributed profit at the beginning of the year" in the profit distribution statement shall be filled in according to the end of the date of the "undistributed profit" item in the profit distribution statement after the conversion of the previous period
4) the "undistributed profit" in the profit distribution table is calculated and filled in according to the amount of other items in the profit distribution table after conversion
5) the actual amount of the previous year is filled in according to the relevant figures in the profit statement and profit distribution statement after the conversion of the previous year< (1) foreign exchange refers to all kinds of payment means expressed in foreign currency, which are generally accepted by all countries and can be used for international debt settlement
(2) foreign exchange must have three characteristics: payment, availability and convertibility
(3) exchange rate, also known as exchange rate, refers to the price of one country's currency expressed in another country's currency, and the price ratio between currencies
(4) there are two pricing methods of exchange rate: direct pricing method and indirect pricing method
(5) in order to standardize the opening and use of foreign exchange accounts and strengthen the supervision and management of foreign exchange accounts, or in other words, in accordance with the regulations of the people's Republic of China on foreign exchange control and the regulations on the administration of settlement, sale and payment of foreign exchange, the regulations on the administration of domestic foreign exchange accounts are hereby formulated
(6) remittance refers to a settlement method in which the bank accepts the client's entrustment and delivers the money to the payee through its own remittance network, using appropriate payment voucher
(7) letter of credit refers to a written guarantee document issued by the issuing bank to a third party at the request of the applicant and in accordance with its instructions, with a certain amount of money and payment against the specified documents within a certain period of time
(8) collection is a settlement method in which the exporter issues a bill of exchange (with or without shipping documents) with the importer as the payer after the goods are shipped, and entrusts the Bank of the exporting country to collect the payment for goods on behalf of the exporter through its branch or agent bank in the importing country
(9) the bank guarantee refers to the written guarantee document issued by the bank upon the application of the client. Once the client fails to repay the debt or perform the agreed obligations in accordance with the contract signed between the client and the beneficiary, the bank shall perform the guarantee responsibility
(10) accounting principles of foreign exchange business: Double currency accounting is adopted for foreign currency account, translation is adopted for foreign currency accounting, accounting treatment of exchange gain and loss, accounting treatment of foreign currency separate account system, and accounting treatment of month end balance of foreign currency account.
9. We right-click in the blank space of the desktop and select "NVIDIA control panel"
how NVIDIA graphics card settings restore the default settings
so that we can open it directly
how to restore the default settings of NVIDIA graphics card settings
we can click "restore default settings" in the upper right corner
how to restore the default settings of NVIDIA graphics card settings
he will show some tips, We choose "yes"
NVIDIA graphics card settings how to restore the default settings
so that we can restore the default settings
NVIDIA graphics card settings how to restore the default settings
so that our settings will be restored to the default, we can set again according to our own needs. Is it very simple
how to restore the default settings of NVIDIA graphics card settings
if you think this experience is helpful, please click "vote" or "share" or "follow" at the bottom or top right corner to support and encourage me. For the convenience of next viewing, you can click "collect"
how to restore the default settings of NVIDIA graphics card settings
how NVIDIA graphics card settings restore the default settings
so that we can open it directly
how to restore the default settings of NVIDIA graphics card settings
we can click "restore default settings" in the upper right corner
how to restore the default settings of NVIDIA graphics card settings
he will show some tips, We choose "yes"
NVIDIA graphics card settings how to restore the default settings
so that we can restore the default settings
NVIDIA graphics card settings how to restore the default settings
so that our settings will be restored to the default, we can set again according to our own needs. Is it very simple
how to restore the default settings of NVIDIA graphics card settings
if you think this experience is helpful, please click "vote" or "share" or "follow" at the bottom or top right corner to support and encourage me. For the convenience of next viewing, you can click "collect"
how to restore the default settings of NVIDIA graphics card settings
10. The use of independent graphics card will automatically shield the integrated graphics card, two kinds of graphics card can not be used at the same time, unless the motherboard supports the exchange of fire.
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