Event
This query is : Resolved
Rakesh KUmar
(Querist)
29 June 2013
What is an event i accounts?
01 July 2013
Anything that alters a company's financial statement are called event in accounts. Accounting events may be external; for example, a sale is an accounting event because it reduces inventory and increases revenue. Likewise, they may be internal; for example, depreciation and amortization are accounting events because they show up on a balance sheet even though no cash changes hands.
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