Question

A trader calculated his profit as Rs.150000 on 31/03/2014. It is an

Q: Answer-A trader calculated his profit as Rs.150000 on 31/03/2014. It is an

In accounting, an event refers to any transaction or occurrence that has an impact on the financial position or performance of a company. Events can be broadly classified into two categories External events These are events that originate outside the company, such as the purchase of goods or services, sale of products, or receipt of payments from customers. Internal events These are events that originate within the company, such as the issuance of stocks, payment of dividends, or depreciation of assets.