Accounting Event
What is an Accounting Event?
An accounting event is anything that happens in a business organization and can be subject to a transaction. An accounting event is reported as an accounting transaction in the financial statements. Companies categorize accounting events by dividing them into external and internal.
Examples of Accounting Events
Depreciation expenses are an example of an accounting event that lowers the shareholder's equity. Others are sales to the customer, purchases, and issuing of dividends.
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