why are gift cards considered liabilities for restaurants rather than revenue? 1.75K viewsJanuary 3, 2024 Question90.75K March 16, 2020 0 Comments why are gift cards considered liabilities for restaurants rather than revenue? In: Economics 3 Answers ActiveNewestOldest Anonymous Posted March 16, 2020 0 Comments It’s a liability until the gift card is used. Basically the accounting for the restaurant needs to keep track of the fact that it owes someone out there a meal, which is a liability. You are viewing 1 out of 3 answers, click here to view all answers. Register or Login
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