What Is Breakage and How Does It Relate to the Accounting

question 53

Essay

What is breakage and how does it relate to the accounting for sales of gift cards? Describe two methods for estimating the amount of breakage.

---

Definitions:

Parameter Query

A type of database query that requires the user to provide one or more criteria values upon which the search is based, making the query flexible and interactive.

Update Query

A command in database management systems used to modify existing records in the database tables based on specified criteria.

Exclamation Point

A punctuation mark used to express strong feelings or to indicate emphasis.

Red Asterisk

Often used in forms and applications to indicate that a field is required to be filled out by the user.