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BKB Edition 105 - Accounting for Stored Value Cards

BKB Edition 105 - Accounting for Stored Value Cards

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As part of the ongoing trend toward payment digitisation and the reduction in use of cash, stored value cards have increased in popularity. In this edition, we delve into what are stored value cards (SVCs), the different types, their GST treatment, and how to account for them from a bookkeeping perspective.


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