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How are gift cards recorded in accounting?
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.
How can you obtain a student credit card?
While there are student credit cards, new Federal laws impose restrictions on issuing credit cards to individuals under 21 unless the applicant has the independent ability to repay debt, or has an adult co-signer who agrees to accept joint liability for the account.
What are Benefits of credit cards?
1. Hospital or Medical emergency if you do not have Insurance... 2. Can't think of anything else, credit cards are just a liability.......
What are the advantages of Capital One cards?
There are many advantages of Capital One credit cards. Some of the advantages you have from Capital One cards are shopping benefits, great rewards, and $0 fraud liability.
What are two benefits of credit cards?
1. Hospital or Medical emergency if you do not have Insurance... 2. Can't think of anything else, credit cards are just a liability.......
Are the gift cards at Walmart reloadable?
yes go to customer service
What are the benefits of accepting credit cards versus other forms of payment such as checks?
Accepting credit cards as a form of payment increases the likely hood that you'll receive payment for your product or service. If the credit card used is good, the bank that issues the credit card pays your customer's bill. The customer is then required to pay the bank, not you. If the customer pays by check, you run the risk that the check will bounce and that you might not see your money. With the credit card, you get the money even if the customer doesn't have it on hand. I hope this helps. Consumers also find it less of a hassle to use credit cards for both online and offline transactions since most credit card associations (Visa and MasterCard) limit the cardholder's liability to $50 for fraudulent transactions.
Does Chase provide 24 hour customer support for their credit cards?
Chase Credit Cards offers 23 hour customer support for their credit cards, but it is usually an automated service. If you are looking to talk to an actual human being I would call your local bank branch.
What debit cards do Amazon accept?
http://www.amazon.com/gp/help/customer/display.html?ie=UTF8&nodeId=518224&#cards
Is the federal trade commission in charge of cards?
Yes, the federal trade commission is in charge of cards. This means that they have full control over prices in the New York area, including the states surrounding that area.
What is the accounting entry for free gift cards?
When free gift cards are given out, the accounting entry involves debiting the "Promotional Expense" account and crediting the "Gift Card Liability" account.
Where can one purchase good quality business thank you cards?
Good quality business thank you cards can be purchased from most stationery retailers. Papyrus has an option to create custom cards, where the customer is able to choose the type of paper, number of cards, font, and message. This may be a good option, as the customer will have complete control over the quality of the card.
