E-commerce
E-commerce Gift Card Sale
Customer purchases a store gift card online.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 100.00 | - |
| Gift Card Liability | Liability (+) | - | 100.00 |
💡 Accountant's Note
A gift card is not a sale — it is a liability. The store owes the holder products worth JOD 100. Revenue is only recognized when the card is redeemed for actual products.
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