United States United Kingdom Australia Canada India Mexico Singapore South Africa Global
cancel
Turn on suggestions
Showing results for 
Search instead for 
Did you mean: 
Announcements
Created with Sketch. Join our Small Business Relief Initiative. Support a GoFundMe today.
dmp1
Level 1
posted
‎06-15-2019 11:13 AM
last updated ‎June 15, 2019 11:13 AM

How do I account for raffle tickets that were purchased as a raffle prize?

 
Solved
Reply Join the conversation
Best answer 06-16-2019
Solved

Best Answers
Highlighted
Rustler
Level 15
‎06-16-2019 04:35 AM

How do I account for raffle tickets that were purchased as a raffle prize?

You bought raffle tickets, and then had a raffle with those as a prize?

The purchase is an asset, when you award them that asset becomes an expense

View solution in original post

Reply Join the conversation
1 Comment
Highlighted
Rustler
Level 15
‎06-16-2019 04:35 AM

How do I account for raffle tickets that were purchased as a raffle prize?

You bought raffle tickets, and then had a raffle with those as a prize?

The purchase is an asset, when you award them that asset becomes an expense

View solution in original post

Reply Join the conversation
Featured
QuickBooks business resources and tax info for Coronavirus (COVID-19)
The Coronavirus continues to affect small businesses in unprecedented ways....
Read more
What you need to know about the Families First Coronavirus Response Act
Learn how you can help your employees find relief from COVID-19 with paid l...
Read more
COVID-19 employer resource website by state
Learn where you can find your state’s COVID-19 employer resource website. A...
Read more
Top

Need to get in touch?

Contact us