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Don't spend the Credits... in Accounting there are Assets and Liabilities. The credits themselves act like gift cards ( Unlearned Liabilities ). In both GAP and IFRS unspent gift cards (credits) sit on the liabilities part of the balance sheet until they are spent ... at which point they convert to a short term asset (cash).
Don't spend the Credits... in Accounting there are Assets and Liabilities. The credits themselves act like gift cards ( Unlearned Liabilities ). In both GAP and IFRS unspent gift cards (credits) sit on the liabilities part of the balance sheet until they are spent ... at which point they convert to a short term asset (cash).
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