Should traditional accounting methods be modified when dealing with virtual transactions and digital assets? What fundamental changes might be necessary to reflect the modern digital economy?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter3: The General Journal And The General Ledger
Section: Chapter Questions
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Should traditional accounting methods be modified when dealing with virtual transactions and
digital assets? What fundamental changes might be necessary to reflect the modern digital
economy?
Transcribed Image Text:Should traditional accounting methods be modified when dealing with virtual transactions and digital assets? What fundamental changes might be necessary to reflect the modern digital economy?
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