Retail
Gift Card — Partial Redemption with Cash Top-Up
Customer partially uses a gift card and pays the remaining balance in cash.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Gift Card Liability | Liability (-) | 50.00 | - |
| Cash in Hand (Top-Up) | Asset (+) | 66.00 | - |
| Sales Revenue | Revenue (+) | - | 100.00 |
| VAT Output Tax Payable (16%) | Liability (+) | - | 16.00 |
💡 Accountant's Note
The gift card value offsets part of the sale. The remainder is paid in cash. Only the portion of the gift card actually used converts to revenue — the remaining balance stays as a liability.
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Expert Analysis by Qusai Ahmad
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