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

Best Answers

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

1 Comment 1

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

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