Debit: bank deposit (or cash on hand)
Credit: advance receipt
The accounting entries for membership card consumption are as follows:
Debit: Accounts received in advance
Credit: Main business income
Taxes payable - value-added tax payable (output tax)
If yes Recharging our store's consumption card will be treated as a promotional gift on the one hand, and confirmed as an advance payment
Debit: sales fee ---gift fee
Credit: advance payment
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Giving the customer a recharge card, if it has nothing to do with our store's business, then
Debit: sales expenses --- gift fee
Credit: cash in stock (or bank deposit, Accounts payable and other accounts
Extended information
The process of using a prepaid card is: the consumer pays a limited amount of cash in advance at a store within a certain system, gets the card, and In these stores, you can make one or more purchases within the prepaid amount without using cash.
Using prepaid cards also has many benefits for consumers, as shown in:
< p>1. It is safe. Bringing a thin prepaid card can reduce the risk of theft and robbery.It is easy to carry when shopping with a prepaid card. , the balance can be displayed after shopping, and the pocket will not be full of change. It is very convenient to use.
3. It is easy to plan if the child does not have to pay for it. If you give cash, you are afraid of the child spending it randomly. Cards and children’s pocket money can be used according to budget, so parents can rest assured.
Baidu Encyclopedia-Prepaid Card