Comment on Starbucks claims $181M in revenue from unused gift cards (2022)parentComments−rahimnathwani3yThe balance is a liability. When some portion of that liability balance is deemed to be unlikely to ever be realized, you debit the liability account, and credit the revenue account.
Comments
The balance is a liability. When some portion of that liability balance is deemed to be unlikely to ever be realized, you debit the liability account, and credit the revenue account.