In accounting, an economic event is referred to as
A. Cash
B. Bank statement
C. Transaction
D. Exchange of money
Answer: Option C
Solution(By Examveda Team)
In accounting, an economic event is referred to as Transaction. An accounting event is a transaction that is recognized in the financial statements of an accounting entity. In accounting, a transaction includes such things as recording the depreciation of an asset or payment of dividends. Accounting events can be either external or internal.This Question Belongs to Commerce >> Accounting
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