E-commerce
Customer Loyalty Points Earned — Revenue Deferral
Deferring a portion of revenue when a customer earns loyalty points on a purchase.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Stripe | Asset (+) | 99.00 | - |
| Sales Revenue | Revenue (+) | - | 94.05 |
| Loyalty Points Liability | Liability (+) | - | 4.95 |
💡 Accountant's Note
Under IFRS 15, loyalty points that customers can redeem are a separate performance obligation. The estimated redemption value (5% of sale) is deferred as a liability until points are used or expire.
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