As
an accountant, I can see the act of gift giving through a raw technical point
of view. Credit cash, debit inventory as the gift giver engages in a
physical transaction to acquire a new gift. Credit Inventory once the gift is
given, but what account is debited to balance the transaction? The answer is
relatively simple – happiness. Giving to someone and watching their face light
up in surprise is an amazing sight to see.
However,
that is a typical and common point of view. Giving can also be done through
other means, and may...
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