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    Exam 12: Revenue and Cash Handling Control
  5. Question
    A Gift Certificate Sold but Not Yet Redeemed Is Treated
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A Gift Certificate Sold but Not Yet Redeemed Is Treated

Question 16

Question 16

Multiple Choice

A gift certificate sold but not yet redeemed is treated on the general ledger as a(n) :


A) asset
B) liability
C) equity
D) income

Correct Answer:

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