# P3 defect 24 and the card rule (found in review, 2026-10-21): with no
# business card recorded, the company's cards are the liabilities whose
# names say "card", so a gift card the company sold (deferred revenue)
# read as money: received when sold and again when redeemed. Regression
# test: ledger-core tests/spec_party_totals.rs
# defect24_a_gift_card_sold_is_received_once.
# The shape: bookspec/README.md.

id = "p3-party-gift-card-is-a-promise"
title = "A gift card the company sold is a promise, not a card it pays with"
rule = """
The company's cards are the business cards its books record as payment
methods; while they record none, the liability accounts whose names say
"card", but not "gift card": gift cards the company sold are revenue it
owes its customers in service (deferred revenue), a promise. Selling one
is money received from the buyer; redeeming it moves no money and counts
nothing.
"""
status = "CHOICE"
sources = [
  "DECISION (owner, 2026-10-20): money is cash, cards, the members' financing and loans; every other liability is a promise, counted when settled (wanderbooks rules.md B-35 item 5)",
  "Helvering v. Price, 309 U.S. 409, 412-413 (1940): a promise to pay is not payment (docs/spec/sources/helvering-v-price-1940.md)",
]
tags = ["parties", "cards", "deferred-revenue", "money"]

[setup]
currency = "USD"
fiscal_year_start = "01-01"
basis = "accrual"
rounding = "half-even"
cash_accounts = ["1000"]

[[setup.accounts]]
code = "1000"
name = "Checking"
type = "asset"

[[setup.accounts]]
code = "2050"
name = "Business Card"
type = "liability"

[[setup.accounts]]
code = "2410"
name = "Gift Card Liability"
type = "liability"

[[setup.accounts]]
code = "4000"
name = "Revenue"
type = "revenue"

[[setup.parties]]
name = "Riley Chen"
roles = ["customer"]

[[events]]
date = "2026-03-01"
description = "Gift card sold"
parties = [{ party = "Riley Chen" }]
lines = [
  { account = "1000", side = "debit", amount = "100.00" },
  { account = "2410", side = "credit", amount = "100.00" },
]

[[events]]
date = "2026-03-05"
description = "Gift card redeemed"
parties = [{ party = "Riley Chen" }]
lines = [
  { account = "2410", side = "debit", amount = "100.00" },
  { account = "4000", side = "credit", amount = "100.00" },
]

[[expect]]
query = "party_part"
entry = 1
party = "Riley Chen"
values = { resolved = "-100.00", direction = "received", cash = "-100.00", in_kind = "0.00" }

[[expect]]
query = "party_part"
entry = 2
party = "Riley Chen"
values = { resolved = "100.00", direction = "neither", cash = "0.00", in_kind = "0.00" }

# Before the review: 200.00.
[[expect]]
query = "party_totals"
party = "Riley Chen"
basis = "all"
from = "2026-01-01"
to = "2026-12-31"
values = { paid = "0.00", received = "100.00" }