Events and transaction
This query is : Resolved
28 April 2024
Purchase of an assets is an event..... In which case?
Purchase of an assets is a transaction..... In which case??
Purchase of an assets is a transaction..... In which case??
28 April 2024
Transactions are usually related to the exchange of goods, services, or money between parties. Events can be any significant occurrence that takes place within the company or its environment. Transactions can be recorded in the company's general ledger, while events are not recorded in the financial records.
16 May 2024
Thank you, but as question is specifically asked regarding purchase of assets only..... Assets purchases....how it is event is the point to understand... It is the question asked in CA foundation course.
17 May 2024
Purchase of assets on the acquisition of business is an event.
03 June 2024
Thank you sir, kindly elaborate 🙏🙏also clear exact distinction..... Bet'n transaction n event
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