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In accounting an economic event is referred to as

This question belongs to Commerce Accounting
Accounting
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In accounting, an economic event is referred to as

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Correct Answer: Option C
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.
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