why are gift cards considered liabilities for restaurants rather than revenue? 1.74K viewsJanuary 3, 2024 Question90.72K 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 The card is already paid for, that restaurant’s cut of the purchase price was the revenue. After that, it’s only a liability: at any time a gift card holder can buy stuff using the remaining balance on the card. You are viewing 1 out of 3 answers, click here to view all answers. Register or Login
Latest Answers