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Alex bought 10 shares of Apex Co for 95 each and later sold all of them at 105 each This transaction resulted in what type of event?
The answer was Capital Gain on apex for anyone seeing this now :)
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What is the difference between transaction and event?
in transition the states are changed from one state to another but in event the signals are changed or trigered with respect to that signal.
All events are transactions but all transaction are not events?
"All transactions are event but all events are not transaction."Before explaining this statement we have to know what is an event & what is a transaction.Event.In general some happenings are called "Event".It changes the status of a person,a community,a country and organigation or of a substance.The consequence of anything; the issue; conclusion; result; that in which an action, operation, or series of operations, terminates.According to accountant Mr.E.L.Kohlar "A process or part of a process having particular moment and place of occurrence is an Event.Example : India won 1983 cricket world cup. In the other hand transaction is called when the exchange of a commodity or service in terms of unit money exchange.TransactionsAn agreement between a buyer and a seller to exchange an asset for payment.In accounting, any event or condition recorded in the book of accounts.A Transaction is any process a user performs after successfully logging in. Examples of Transactions are making a purchase, bill pay, money transfer, stock trade, address change, and others.With each type of Transaction, different type of details are involved. For example, in a stock trade, the data involved would be the symbol, unit price, number of shares, buy or sell action, time of trade, total amount, broker commission, and so on.As Mr.A.Field stone defined the definition of transaction is "A transaction consists of an exchange or transfer of value , either in the form of money or goods or services which are measured and expressed in terms of money."According to Yoston, Smyth and Brown "Transaction is an event , involving transfer of money or moneys worth , the recognition of which gives rise to record in the books of account."In the other hand Noble & Niwonger said that "Any happenings which brings change in the pattern of assets or liabilities or proprietorship of a business concern , is a financial transaction to it ."Example : Purchase a motor car worh Rs. 2,00,000.So from this definition we can find that every incident are called event . But when an incident happens with a moneytory term it called transaction. So we defiantly can say that " All transactions are event but all events are not transaction."
What is the business transactions?
A business transaction is a financial event that changes the value in certain accounts and therefore affects the financial position of the business.
What is the first step in the analyzing and recording process is to analyze each transaction and event from source documents?
The first step in the analyzing and recording process is to examine each transaction and event as documented in source documents, such as invoices, receipts, and contracts. This involves identifying the accounts affected, determining the nature of the transaction, and assessing its impact on the financial statements. Accurate analysis ensures that the subsequent recording of transactions in the accounting system reflects the true financial position of the entity. Proper analysis lays the groundwork for accurate bookkeeping and financial reporting.
What is the difference between cash-based and accrual-based accounting?
under cash base system of accounting/book keeping transaction is recorded in the books of accounts when actually cash received or paid relevant to the transaction, whereas, in accrual Base system of accounting there is not any compulsion to actually receive or pay cash before recording the transaction in the books of accounts but only evidence of an event is needed to record it!
What is the meaning of miscommunication?
The whole event resulted from a minor miscommunication.
What economic events affect The accounting equation?
Economic event is the 'Name of transaction where monetory values are involves"
What event in 1911 resulted in the demise of the Qing Dynasty?
Chinese Revolution
Which event resulted in the creation of the civilian conservative corps?
tundra doctrine
Contingent liability is?
A potential liability that arises from a past transaction and is dependent on a future event.
What historical event resulted in the creation of the world-famous chocolates in the Basque-speaking city of Bayonne?
The historical event which resulted in the creation of world-famous chocolates in the Basque speaking city of Bayonne was the Spanish Inquisition.
What is the difference between transaction and event?
in transition the states are changed from one state to another but in event the signals are changed or trigered with respect to that signal.
The event that resulted in the Quasi War between the US and France was what?
XYZ Affair
What event resulted from the implementation of the Indian Removal Act of 1830?
trail of tears
Which action of the soviet government resulted in the event described in this quote?
We don’t have the quote.
What is rhe meaning of narrative?
Of or pertaining to narration; relating to the particulars of an event or transaction., Apt or inclined to relate stories, or to tell particulars of events; story-telling; garrulous., That which is narrated; the recital of a story; a continuous account of the particulars of an event or transaction; a story.
What is tha meaning of narrative?
Of or pertaining to narration; relating to the particulars of an event or transaction., Apt or inclined to relate stories, or to tell particulars of events; story-telling; garrulous., That which is narrated; the recital of a story; a continuous account of the particulars of an event or transaction; a story.
