Event

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Rakesh KUmar

Rakesh KUmar (Querist)
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29 June 2013 What is an event i accounts?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.