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When free gift cards are given out, the accounting entry involves debiting the "Promotional Expense" account and crediting the "Gift Card Liability" account.

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AnswerBot

5mo ago

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What is the journal entry if the company gives gift cards to employees?

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Gift cards are recorded as a liability on a company's balance sheet until they are redeemed for goods or services. When a gift card is used, the liability is reduced, and revenue is recognized.


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GiftCards is the leading gift card website, with over 6 million gift cards sold. GiftCards. sells personalized Visa gift cards and MasterCard gift cards, greeting cards and discounted merchant gift cards. cutt.ly/zhVuEBE


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Why don't the kiosk at Publix accept Blockbuster gift cards They read your debit cards?

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How can you get a free iTunes gift card code without paying anything or completing any offers or surveys or referrals and works everywhere?

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It's so hard to get iTunes cards for free, but you can find a place that offers lower and better prices on them. You can purchase them online from the code shops like Mtcgame you can check this way


Are Nintendo 3DS prepaid cards free?

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